Daytrading to earn a living

Hot dry weather in Argentina.

2012-01-05T06:40:00.001-08:00

Argentina like most of her neighbours of South America is currently experiencing a dry weather spell which started early in the Southern Hemisphere.Average daily temperature is between 93 to 101 degree farenheit suitable to boil an egg without the gas stove.

The extreme heat is affecting most of the agriculture crops in most of the major growing areas as agricultural goods whether raw or processed still earn half of Argentine's foreign exchange.
Major agricultural produced were maize,soyabean and corn.
Argentina is one of the world's greatest food-producing exporting countries of the world.
It has a huge topography of arable land and the socio economy is largely dependent on the agrobase industries.

The geography of Argentina include 5 major regions, starting with the rain forest areas of the far-northeast along its border with Brazil; the swampy and flat Chaco plain; the fertile (almost treeless) grasslands of the central Pampas; the lengthy plateau of Patagonia that stretches to Tierra del Fuego, and the Andes Mountains along its western border with Chile.

The Pampas, one of the largest fertile plains in the world, covers almost one third of Argentina's land area. Bordered by mountains and the Atlantic Ocean, the legendary landscape of Patagonia displays huge forests, sizeable mountains valleys, and many cold-water lakes.

The Andes in Argentina contain advancing glaciers including the Perito Moreno glacier, as well as Cerro Aconcagua, the tallest mountain in South America.

Argentina is also home to impressive Iguazu Falls, and over 250 additional waterfalls of size.

Major rivers include the Colorado, Negro, Paraguay, Parana, Salado and Uruguay. The Uruguay and Parana flow together before meeting the Atlantic Ocean, forming the basin of the Rio de la Plata.

Buenos Aires,Cordoba and Santa Fe provinces account for nearly 4.8 million hectares (42%) of total soya bean acreage planted in Argentina.

Corn growing areas were 25 de Mayo and Pehuajo in northwestern Buenos Aires Province,Rio Cuarto and Marcos Juarez,Corral de Bustos in Cordoba,Santa Fe Province (Casilda and Canada de Gomez).

Corn is also roughly twice as expensive crop to grow as soybeans. Producers need hybrid seeds and more of fertilizer, especially urea, to grow higher yielding corn. Costs are approximately US$200 per hectare to grow corn compared to US$100 per hectare for soybeans. When farmer’s use saved seed for soybean, soybeans costs of production decrease by another US$30-40 per hectare.

Analysts said dry conditions in some areas of the country, especially in the south and west of the wheat region, might prevent planting intentions from being fully realised.

Dry weather has already cut hopes for crops in the European Union, Western Australia and, in particular, Kazakhstan and Russia, sending wheat prices jumping on international markets.

Fears are brewing for the coming of a so-called La Nina weather pattern, associated with cooler-than-normal Pacific water temperatures, and typically associated with dry weather in Argentina.
Drought was a big factor in a slump of more than 30% in Argentina's wheat area last year, with farmers also blaming government export curbs, which have been partly relaxed this year.

However, rain in many parts of Argentina's wheat belt has raised hopes among some analysts that the country can avoid significant La Nina damage this year, with the government blaming sowing delays largely on "constant rains" in the province of Buenos Aires.

The Argentine warnings came as analysts revealed further rises in prices of Russian wheat last week, with the grain, free-on-board, attracting $210 a tonne, compared with $198 a tonne a week before.

Russia and Kazakhstan, and potentially eastern Ukraine, are set for further hot and dry weather, with some areas forecast to receive temperatures of up to 42 degrees Celsius.

Tracking the Dow on Friday,06/01/12.
Dow Index Futures 10 marketdays to expiry.
Economic report:Employment situation.
Chinese New Year:23-24January (Dragon Year)

9:30am:--Bearish 50.0 points gap down.
Spillover of weakness in European stocks due to weak economic data.
10:30am:--First hour retracement to resistance from early low.
11:30am:--Breakout into bullish zone ending with a hangman.Better than expected employment data in the United States.
12:30noon:--Shooting star with a hammer.Usual pullback for morning session.
1:30pm:--2nd session started with a low near bear pivot support.
2:30pm:--Resistance breakout but were held back at the bull pivot.Bearish graveyard dojis.
3:30pm:--Day's support breached,spinning doji bull trap.
4:00pm:--Bearish selldown to bear pivot support.
The year started with good news that U.S. jobless rates is now at three years low.The economy is now on track to recovery but the euro zone is putting a brake as caution stepped in again ahead of next week bond sales by Spain and Italy.
There were worries over the rising borrowing costs in some euro zone countries.
The Dow's weekly ending candlestick is still in a bullish inverted hammer mode.
Thursday bearish hangman is hoovering above the weekly support line and was completely filled on Friday.
Despite the volatility,the overall Dow index is holding comfortably in the bullish zone.

Weather derivatives for Thailand

2012-01-03T20:37:00.000-08:00

Central Thailand was hard hit by the worst floods in 70 years.
The abnormal heavy rainfalls in the Northern highlands caused the Mae Ping River(in Chiangmai) to swell and overflow into almost all low lying areas on its way out to the the Gulf of Thailand.

It was the night of September 28,2011 when the city of Chiangmai has a small effect of the flood.
There was no sign of warning when the flood water gushed into settlements in Nakhon Sawan during the night and within minutes reached as high as neck level.

Also affected were Ang Thong, Ayutthaya, Chai Nat, Chaiyaphum, Kalasin, Kampheang Phet, Khon Kaen, Lamphun, Lop Buri, Mae Hong Son, Mahasarakham, Nakhon Nayok, Nakhon Pathom, Nakhon Ratchasima, , Phichit, Phitsanulok, Prachin Buri, Saraburi, Sing Buri, Sukhothai, Suphan Buri, Ubon Ratchathani, and Uthai Thani.

Thsese seasonal weather phenomena has prompted Thailand considering to start trading of water derivatives, giving investors a means of hedging against disasters,the Securities and Exchange Commission said.

The regulator is studying the possibility of introducing contracts whose value would be linked to rainfall, or the level of water in the nation's major dams, said Vorapol Socatiyanurak, who started as secretary-general of the SEC in October. He declined to say when trading might begin.

Thailand is seeking to offer protection to investors in Southeast Asia's second-biggest economy after flooding in the central region killed almost 700 people and swamped about 1,500 industrial facilities. The waters may cause 1.3 trillion baht ($41.6 billion) of damage to the economy, prime minister Yingluck Shinawatra said on December 8. Intel Corp., the world's largest chipmaker, cut its revenue forecast this week as the floods disrupted personal-computer production.

"Flooding has become more frequent in Thailand, with much greater economic impact," Vorapol said in an interview in Bangkok . "The new security would offer investors, insurers and manufacturers an instrument to help alleviate financial losses in future catastrophes."

The contracts would also help protect farmers from the impact of floods and drought, Vorapol said.

The total face value of global weather-related derivatives grew by 20 percent between 2010 and 2011 to $11.8 billion, according to a May 20 report by the Washington DC-based Weather Risk Management Association. Demand growth was seen in contracts related to rainfall, snow, hurricanes and wind from industries such as agriculture, construction and transport, it said.

The majority of weather contracts are traded on the Chicago Mercantile Exchange. (CME) CME snow contracts, for example, are based on the exchange's Snowfall Index, a measure of average monthly snowfall in certain US cities. Traders "determine what amount of snowfall would be detrimental to their businesses and take futures or options positions based on that," the exchange said on its website.

"The new instrument is unlikely to help cover all exposure from water-related risk, but it's good to provide another alternative," said Sanya Harnpatanakitpanich, head of derivatives at Globlex Securities Co. Ltd, the nation's largest derivatives brokerage by trading volume. "The SEC and Stock Exchange of Thailand need major market makers such as foreign companies and domestic water utilities to assure the trading liquidity of water derivatives."

California-based Intel reduced its fourth-quarter revenue forecast on December 12 by about $1 billion, saying a shortage of hard-disk drives as a result of Thailand's floods is cutting customers' production of personal computers. Thailand is home to plants producing about a quarter of the world's hard-disk drives. Honda Motor Company and Toyota Motor Corporation also cut their profit estimates after the floods disrupted output.

Thailand's regulator also plans to relax rules to encourage bond sales by small and medium-sized companies whose access to investors may be hampered by low credit ratings, Vorapol said. Those issuers will probably be allowed to sell the bonds to some wealthy individuals, he said.

The SEC allows only Thai and foreign companies with investment-grade ratings to sell bonds to individual investors, he said. It may also allow more investment by mutual funds in bonds with credit ratings below investment grade, he said.

Vorapol, 56, was appointed the head of the regulatory agency for the nation's equity, bond and derivative markets in October. He has a doctorate from the University of Pennsylvania's Wharton School and was a lecturer at the National Institute of Development Administration, a state university.

Thailand's worst floods in half a century also destroyed millions of tons of crops and badly damaged industrial production.

The World Bank has estimated the damage at $45 billion and recovery and reconstruction needs at $25 billion. The National Social and Economic Development Board has slashed Thailand's economic growth forecast to 1.5 percent from 3.5 to 4 percent.
Tracking the Dow on the first day of trading year 2012.
Economic Indicators: ISM Manufacturing Index,Construction spending,FOMC Minutes.
Dow Futures expiry:13 market day to go.
Chinese New Year of the Dragon start on 23/01/12.
9:30am:--Bullish 180 points opening gap up.Traders back from the holidays in full force.Chinese manufacturing activities expanded in December also help the boost.

10:30am:--After finding an early high,index is now drifting with many dojis.
Germany unemployment figures fall to new record low.

11:30am:--Dark clouds hanging preparing for mid-morning breather.Europe debt crisis still in the clouds.

12:30noon:--Thunderstorm pullback but still have the firepower despite holding on below the bull pivot support. The opening gap is too far off to be completely filled.

1:30 pm:--Mild retracement to the bull pivot resistance.Signs of improved growth in the United States,chances of Federal Reserve not printing more money.

2:30pm:--Bulls back in the limelight.British manufacturing also within expectations.

3:30pm:--Pullback to bull pivot support.Military exercise in the MiddleEast Gulf by Iran and U.S.naval vessels in the area put fear on confrontations.

4:00pm:--Bull pivot support breached,bearish fears.
One year chart of year 2011 with bi-monthly candlestick.

A year where the Eurozone create havoc to the world's financial markets.
January-Febrauary:- started with a weak inverted hammer bull.The Euro zone debt crisis still overhanging but there was agreement to revamp the European Financila Facilities.
Suddenly nature took its toll in Sendai,Japan with another fear of radiation contamination.
March-April:-Bullish spinning top.
Portugal 78 bullion euro bailout funds approved and this help the bullish sentiment ofthe month.
May-June:--Bearish hangman at session year high.
Months of Greece tussle that finally got its another 12 billion euro lifeline.Germany threatened to get rid of the pest out of Euro zone.
July -August:-Market crash.It was quite normal to see a crash around these months prior to the anniversary of Black Friday's October crash.
There is also a very strange phenomena that when the U.S.Federal Bankers meet in Jackson Hole fo their annual retreat,the market will crash badly prior to their meetings.
September -October:--High volatility months.
Annual corporate book closing about to begin.Window dressing with the help of the ratings companies upgrading and downgrading to fulfil their year end agenda of housecleaning so that they can laugh all the way to the bank.
November- December:--Bullish hammering of the bottom.
Enough damaged has been done to fool the financial markets with ratings and misleading Eurozone bailout signals.

Companies reporting season.

2011-10-08T07:08:00.000-07:00

Next week will the quarterly earnings results of most companies and kicking off will be Alcoa on Tuesday.J P Morgan and Google will be on Thursday.
Whatever the results appearing will be a yardstick for investors to gauge whether companies have been able to override the economic and political challenges of the past three months.
The sovereign debt default in Europe is still contagious but will sooner or later will be diagnose.
Also coming up week ahead is the September retail sales and October consumer sentiment reports that will determine the buying power of consumers.
The Federal Reserve will release minutes from its lat meeting,when it decided on a bond-swap program dubbed "Operation Twist."
So company earnings reports might overshadow whatever European negative news that are already a non-event but merely tricks.European banks will never be doomed.
Tracking the Dow on Friday,07/10/11.Dow Futures is 10 market days to expiry.
Economic news: employment situation,Wholesale trade,consumer credit.

9:30am:--Bullish gap up.Employers adding more jobs.The follow through index shows a bearish hammer.
10:30am:--A retracement to session high with a bearish hammer.Consumer credit weakens.
11:30am:--The opening bullish gap has been completely covered.Bad new,another ratings company fixing the market.
12:30noon:--Consolidation time,hangman at morning low.Credit downgrades of Italy and Spain triggered this selling.
1:30pm:--A new session low with intermittent rebound,a graveyard doji hammering to double bottom.
2:30pm:--Time for economic news to save the market.Consumer spending rose at a slower pace due to drop in income.MAV resistance with a morning star.
3:30pm:--Hitting a double top of the day.
4:00pm:--Last minute panic selling.
Despite a threatening Friday by another downgrade fixing the market,the Dow ended the first week with a bullish candlestick compared to last month which is bearish.The total trading range point to date is 827.58 points.
I'm just suspicious with all these ratings companies playing physician doctors at this time of the year where the annual financial book closing and window dressing are heating up.
We are at the beginning of the final quarter of the year.Normally most institution should have completed their sell down by September which is a yearly affairs.

Manipulating market with fear.

2011-09-01T09:22:00.003-07:00

One moment there's news that the US is in a double dip,the next few days another announcement will say they's no fear of another recession.Manufacturing has expanded,applications for job benefits down and more stimulus coming.
It's a very confusing market where corporate and consumer confidence has been hurt by political squabbling over lifting the nation’s debt limit and the subsequent cut to the U.S. credit rating by Standard & Poor’s, which roiled equity markets.
Fed officials last month discussed a range of ways to invigorate the recovery after the economy expanded at a 0.7 percent average annual pace in the first half of the year, according to Federal Open Market Committee minutes released Aug. 31.
Fed Chairman Ben S. Bernanke said in an Aug. 26 speech in Jackson Hole, Wyoming, that the central bank still has tools to boost growth and that the economy will probably improve in the second half of 2011.
It's the same old musical chair song singing over and over again.You can have many quatitative easing and stimulus but the wound takes time to heal.
Tracking the Dow on Wednesday 31/8/11.

Economic events :Employment situation,consumer credit.

Dow index/option futures expire in 7 market days.

9:30am:--Bullish 80.0 points gap up.

10:30am:--Bearish hammer near session high.

11:30am:--MAV support,bearish harami.

12:30noon:--Retracement to bull pivot resistance.,shooting star.

1:30pm:--Hangman,graveyard doji.

2:30pm:--Bearish engulfing at MAV support breakout.

3:30pm:--Final hour bullish short-covering.

4:00pm:--Hangman.

The overall August candlestick has a trading range of 1,732.39 points.It's a bear market throughout with the ratings downgrade followed by the financial rout.

This situation of a crash happened annually around either August or September month before the anniversary of the October crash.

It also occurs before the presidential bankers meet at Jackson Hole.

In year 2008,similar crash pattern exist,2009 a mild one and 2010 triple blow.All happend during the middle of 3rd Quarter.Year 2008 is before Presidential election and now this year rout has been set one-year before the election.

Short-sellers heyday during the crash.

2011-08-14T19:42:00.000-07:00

Short sellers are a major cause of market downturns, such as the crash in 1987 and the crash of August 2011.It's a premptive smear campaign being deliberately done to drive down the whole financial market just because of differences in ratings opinion of late.
The man in the street at the epicentre of the manipulators will be hurt more painfully than others who only feel the ripples.
The short-selling bans enacted in several European countries as a remedy for extreme volatility is also a good move temprarily.Short sellers will argue that they are here to boost liquidity and price movement otherwise market will be stagnant.This is also logical only if they do it in a transparent manner.
Joining in the shortselling ban is Turkey with intended move to curb short sales and threatened “severe penalties” for stock manipulation, joining nations from Greece to South Korea in trying to stem bearish bets after the worst tumble in global shares since 2008.
Shorting a stock is roughly the opposite to buying it. Technically you’re selling a security you don’t own and then waiting for it to fall so you can buy it back at a lower price, pocketing the difference.
Shorting shares is not, generally, a widespread activity amongst investors. There are multiple reasons for this. Many institutional investors aren’t allowed to short stocks due to their remit, most individual investors don’t short due to behavioural issues and fears of unlimited losses.
Instead of banning short-selling regulators ought to be focusing on what measures they could take to make it more popular.
Dow's Friday is 5 market days to index/options futures expiry.
Economic calender:-Retail sales,Business Inventories,Consumer sentiment. Asian market index futures expiry:13 market days to go.
9:30am:--Bullish 140.0 points gap up .
10:30am:--Early pullback to fill the opening gap.
11:30am:--Retracement to morning high.
12:30noon:--Pullback to session bull pivot support.
1:30pm:--Attempt to penentrate bull pivot resistance.
2:30pm:--Bearish spin at MAV support line.
3:30pm:--Holding firm at the MAV resistance.
4:00pm:--Bullish spike.
Chart shows the prelude to the big crash.
January:Shooting star at year 2010 high.
February:Near graveyard doji star.
March:Hangman
April:Bullish hammer.
May:Bearish Engulfing.
June:Bearish hangman.
July:Bearish inverted hammer.
August:Doomsday.

The US deficit plan optimism.

2011-07-19T21:59:00.003-07:00

The financial markets are moving ahead of the US budget deficit plan with full enthusiasm and hope but once the plan is being announced,it will become a non-event and the markets will dwindle slowly and painfully digesting the news.
The US lawmakers will definitely have to reach an agreement that will help the nation avoid default and being downgraded to junk by Moody's Investors Services.
Obama embraced a $3.7 trillion debt-cutting plan by a bipartisan group of senators that would combine tax increases and spending cuts, saying it could end a congressional deadlock over raising the U.S. borrowing limit.

The plan is “a very significant step,” Obama said. But there are still resistance from the House Republican.The countdown is now less than two weeks and there's an urgency for lawmakers to intensify efforts for a compromise.This is going to cause a lot of anxiety to the markets.
Time is an essence as the Aug. 2 deadline officials have set for lifting the debt cap.
House Republicans last night passed their debt-reduction plan 234-190 -- legislation that stands little chance of passing the Senate and that Obama has said he would veto if it did. The measure would cut and cap government spending and allow the debt-ceiling to be raised by $2.4 trillion only if Congress approves a balanced budget amendment to the Constitution.
While House Republican leaders indicated a willingness to consider the proposal, they and other members of their fiscally conservative caucus continue to stress opposition to a debt compromise that includes more taxes
The plan also proposes $500 billion in immediate spending cuts including between $85 billion and $202 billion in Medicare and other health spending, $80 billion from defense, $70 billion from education and labor programs and $11 billion from agriculture programs.
Tracking the Dow Tuesday,19/07/11.
Economic news:housing starts,redbook,Thomas Hoenig speaks.
The beginning of July index futures contract.

Asian index futures expiry:8 market days to go.

9:30 am:--Bullish 100.0 points gap up followed by inverted hammer..
Exporters to the U.S. climbed after construction of new homes in the U.S. rose more than forecast in June to the highest level in five months, adding to signs the housing market is stabilizing.
10:30am:--Session high pullback,but holding strongly.
11:30am:--Bearish engulfing to near morning bull pivot support.
12:30noon:--No sign of filling up opening gap,bulls have a fine day.
1:30pm:--Bullish spike up to new session high.
2:30pm:--Ascending bulls,the day's peak being achieved.Graveyard dojis noticeable.
3:30pm:--A usual pullback to the bull pivot support.
4:00pm:--A hammer.
The overall July candlestick is still bullish holding within a body range of 175.0 points which is still at risk.
Tuesday's closing is a mere few points above the month's MAV support line.
Market volatility is still very high in view of the budget deficit Plan A is still not finalized as yet.
Apart from the US,the European budget deficit is yet another hurdle in months to come.
Meantime I suspect the market is under cosmetic short covering.

Gear up federal debt ceiling or face meltdown.

2011-07-13T18:05:00.001-07:00

US lawmakers must raise the $14.3 trillion federal debt ceiling,that is raising the legal limit on government borrowing limit by Aug. 2 failing which there will be a financial tsunami that will send ripples to all sectors of the financial world like a domino effects.A U.S. default could throw the economy back into recession and create panic in global financial markets.
President Barack Obama has called for compromise as party leaders seek to craft a deal that raises the legal limit on how much the U.S. government can borrow while slashing projected deficits over the next decade. Democratic and Republican leaders have been meeting, but discussions have faltered over taxes.
If Treasurys are no longer risk-free, then all financial assets have to be repriced against another a benchmark and there will not be any more safe haeven for all assets class.Interest rates on all forms of debt -- mortgages, car loans, government -- will spike, resulting in a renewed credit crunch.
Borrowing will come to a halt. Business will come to a halt. And even more troubling is the possibility that a halt in the flow of credit will cause commercial paper markets to dry up, resulting in a run on money funds.
Meanwhile Moody's Investors Service and Standard & Poor's both threatened to downgrade U.S. debt which was announced after the market closed.The ratings agency said it was placing the United States' Aaa rating -- its top level -- on watch for a possible downgrade cited "a rising possibility" that Congress and the White House would not agree to a deal to raise the nation's debt limit on a timely basis.
Separately, Standard & Poor's privately has told lawmakers and business groups it might cut the U.S. credit rating if the government fails to make any of its expected payments -- including Social Security checks -- even if it makes all its debt payments, sources told The Wall Street Journal.

Tracking the Dow on Wednesday,13/07/11. Economic events:Import Export prices,EIA Petroleum Status,Bernanke Speaks. Dow futures 2 market days to expiry.
9:30am:--Bullish 40.0 point gap up.

10:30am:--Session high,Unshaven bullish marubozu followed by a bearish inverted hammer.

11:30am:-Morning star and bearish engulfing.

12:30noon:--A double top morning star.

1:30pm:--Hangman at bull pivot support.

2:30pm:--Graveyard doji at MAV support.

3:30pm:--Opening gap being half filled.Bearish hammer.

4:00pm:--Last minute short cover,a bullish hammer at the bearish pivot support.
July mid week candlestick is now a bearish hammer.Pairing it with previuos week will be a bearish harami which is highly risky for an imminent crash.Stocks got an early boost after Beijing reported that China's gross domestic product (GDP) grew 9.5 percent in the second quarter, slower than in the first quarter, but still beating analysts' expectations.
Bernanke fuelled the bullish sentiment on Wall Street when he told the US Congress that the Fed was prepared to renew its stimulus efforts if the country's economy remained feeble.The problem of the debt ceiling affected the markets today. The Dow's big rally stalled out in the late morning and nearly fell apart entirely in the last hour of trading.

Bovespa bargain hunting.

2011-07-10T06:10:00.000-07:00

Brazil's Bovespa Index has tumbled substantially and is currently holding below the bearish pivot resistance of 63,318 level.
It's now a very good hunting ground at great bargains.Moving in now at a staggered manner will provide great opportunities when the higher interest rates regime ends.
Brazil’s central bank began raising the benchmark interest rate from a record low 8.75 percent in April last year. The 300 basis points, or 3 percentage points, since then marks the biggest jump since 2005, when policy makers completed a series that added 375 basis points to the overnight lending rate.
Last Friday's index closing at 61,513.24 down 694,09 is still not safe as yet unless the index can sustain above 61,687 level.

Tracking the Dow on Friday,8/07/11(5 market days to index futures expiry)

Economic events:-employment situation,wholesale trade,consumer credit.

9:30am:--nearly 100.0 points opening gap down.

10:30am:--1st hour low,hammering the bottom.

11:30am:--New morning low,bullish engulfing.

12:30noon:--Morning star at the bear pivot.

1:30pm:--Failed to touch session resistance line.

2:30pm:--Pullback near to bear pivot support.

3:30pm:--Ascending soldiers.

4:00pm:-Bullish breakout.

Despite last Friday sell-off which came after the Labor Department reported that the US economy created a paltry 18,000 jobs in June, pushing the unemployment rate up to 9.2 percent,the overall weekly performance shows of a powerful bull in the driver's seat.It's an inverted bullish hammer.

Any intermittent pullback the Dow index will hit the MAV support before it continues its rally.

Brazil,world largest emerging equity market.

2011-06-26T18:44:00.001-07:00

The Big Emerging Market (BEM) economies are Brazil, China, Egypt, India, Indonesia, Mexico, Philippines, Poland, Russia, South Africa, South Korea and Turkey.
Newly industrialized countries are emerging markets whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts.
Emerging markets are nations with social or business activity in the process of rapid growth and industrialization.
So Brazil got its exclusive status due to heavy lifting comes from state-run oil giant Petroleo Brasileiro, or Petrobras according to a report released by Citigroup.
"The recent rise in Petrobras ... has been key to the surge in Brazil's overall weight," said Citigroup analysts Geoffrey Dennis and Jason Press in the report.
Bovespa's recent gains have been enough to outperform the MSCI Global Emerging Market index and bring Brazil's weighting to 14.95% of the index. That surpasses China's weight of 14.15% and Korea's contribution of 13.69%.
Rounding out the top 10 emerging markets by weight are Taiwan, Russia, India, South Africa, Mexico, Malaysia, and Israel.
Brazil is also now the 10th largest market in the world, as measured by the MSCI All Country World index, with a free float market capitalization of $509.1 billion.
The U.S. market is the largest, coming in with a free float market cap of $12.57 trillion.
Brazil's position as the top emerging market isn't guaranteed to last since market caps ebb and flow, which is why one analyst said investors should included factors such as economic fundamentals and regulatory issues as part of an evaluation of potential investments.
But one thing has to bear in mind for investors is that particular country corporate management, issue of a lack of personal freedom for individuals and government stability can bring a lot of influence to the status.
In fact Brazil could be a new economic power after China due their vast natural and human resources. In less than a decade the country already has thousands of multi-millionaires.
Brazil is best known for its production of agricultural commodities — first coffee ... then sugar ... then soybeans ... and, most recently, ethanol.
But Brazil is also among the leading exporters of aircraft ... mineral ores ... metals and steel.
Brazil makes more automobiles than the U.K., Italy, Mexico or India ... and it is the world's largest maker of cars with flex engines (that can run on either gasoline or ethanol).
China's world's largest cellular-services provider,China Mobile Ltd helped secure their ranking status.
Tracking the Dow:24/06/11.(4 market days to ending of Quantitative Easing)
Economic events:Durable goods order,GDP,Corporate Profits.
Asian Index Futures Expiry:4 market day to go.Next week rollover contracts volatility.

09:30am:--Bearish 20.0 points gap down.
10:30am:--Session low,technical rebound.
11:30am:--Hoovering near the resistance line. resistance.Shooting stars.
12:30noon:--Another shooting stars at the MAV resistance.
1:30pm:--A second shooting stars at the resistance line.
2:30pm:--Bearish pivot support line to be tested.
3:30pm:--Bearish breakout.Hammering to find the day's low.
4:00pm:--A small dragonfly doji with techical rebound insight.
***From the chart,you'll noticed that the previous day's last hour of trading has a clear reflection of what will happened the following day's market.The market makers have set up a bull trap on Thursday.The markets around the world are manipulated,trust yourself with your own trading inventions.Do not take any chances with those strong arm tactics.Follow the path of the light.

A week of Eurozone financial instability and Moody's warning created the spark to depress the market.
The Dow is pricing in the Fed's ending of Quantitative Easing program.The bears are having a hayday right till the end of this June month.
Friday's bears have covered the lower shadow of previous day but still incomplete.
Look forward to a new 3rd quarter,a new beginning and move in fast.

RenRen below IPO offer price.

2011-06-18T21:48:00.000-07:00

"RenRen" in mandarin means every people.
Renren Inc,is listed under Technology sector in the American Depository. It was an Internet Information Providers.
Renren Inc. operates a social networking Internet platform in China. Its platform enables users to connect and communicate with each other; share information and user-generated content; play online games; listen to music; and shop for deals. Other social commerce site; Nuomi.com, a social Q&A Website focused on the auto industry; Game.renren.com, an online games center;and Jingwei.com, a professional and business SNS Website.
It also develops and operates Web-based games.
The company was formerly known as Oak Pacific Interactive and changed its name to Renren Inc. in December 2010. The company was founded in 2005 registered as xionei.com and is headquartered at Jing An Center in Beijing, China.
The company's founder and chairman CEO is Mr. Joseph Chen ,aged 41.
On the 4th of May 2011,the company announced that it has priced its initial public offering of 53,100,000 American depositary shares ("ADSs"), each representing three Class A ordinary shares of the Company, at US$14.00 per ADS, with a total offering size of US$743.4 million, assuming no exercise of the over-allotment option by the underwriters. The ADSs will begin trading on the New York Stock Exchange on May 4, 2011 under the symbol "RENN."
Upon listing its shares price surged 28.6 percent in their debut.
Renren's offering comes amid a grab for hot social media companies, including Twitter, Facebook, Groupon and Zynga, which are propped up by multibillion-dollar valuations of their shares trading on the secondary markets.
High valuations for other social networking companies, combined with the fact China is the world's biggest Internet market, were expected to help Renren attract investors.
Investors in Renren seemed to brush aside recent concerns dogging the company, including questions about its internal financial controls, the resignation of its audit committee chairman and the tight control and censorship of the Chinese government. If Renren fails to comply with Chinese government Internet regulations, its websites could be shut down, according to the risk factors section of its prospectus.
According to the revised filing, Renren's monthly unique log-in user base grew by only 5 million, or 19 percent, in the first quarter of 2011 -- not the 7 million, or 29 percent, it previously reported.Could this be the reason for the dismal performance of its share prices due to misleading reporting for the sake of jacking up the IPO price?
Renren had net revenue of $76.5 million in 2010 and about 117 million activated users as of March 31, 2011. It had about 31 million monthly unique log-in users in March 2011.
Last Friday's closing price is a bearish spinning doji.The bears are in full control of this counter and any sign of retracement will be met with hammering.
For the month of June,it's already a confirm bear so no point buying at the moment.Maybe towards the end of the month when the whole scenerio stabilizes,one can move in.
Better be safe than be sorry.Sometimes when it's cheap we tend to buy not being aware of the timing,but when the price goes down further we might got panic and will liquidate the moment there's slight premium from our cost or maybe cut-loss.There is no difference whether one buy at a lower or higher price if the timing is right.
Triple Witching Day of the Dow on 17/6/11.
Economic Calender:Consumer Sentiment,Leading Indicators.
Asian markets Index Future Expiry:9 market days to go.

9:30am:--Very bullish 80.0 points opening gap up.
10:30am:--Hourly high,bearish pullback with shooting stars.
11:30am:--Bearish Harami.
12:30noon:--Triple witching stars near the morning session MAV support line.
1:30pm:--Pullback to near days low,a morning star in the offing.
2:30pm:--MAV resistance line breakout.A sudden unhealthy spike touch the bull pivot resistance to be met with a bearish engulfing.
3:30pm:--A double intraday support at the bearish pivot support line.
4:00pm:--A bearish techincal weekend pullback.
A disastrous Triple Witching month for the Dow Index.I presume this must be the half yearly window-dressing to spruce up new positions for the next onslaught.
There were two bullish inverted hammer short covering Wednesday's giant pullback.
Moody's again warned that it may downgrade its ratings on France's three largest banks because of their exposure to the Greek economy.Hopefully the market will go against the mood.
Another event which ought to be noted is during mid-September when the presidential bankers held their annual retreat at Jacksonville.From past records,a week before this meeting a market crash is imminent contrary to the anniversary of the October crash.

Oil-rich South China Sea.

2011-06-01T23:47:00.000-07:00

Tensions between China and Vietnam escalated over the weekend as each nation accused the other of violating its sovereignty in the oil-rich South China Sea.

PetroVietnam, the state-owned oil and gas monopoly, said on Sunday that China had sabotaged Vietnamese oil exploration vessels, the latest accusation between the countries over the disputed waters.

"When we conduct seismic survey and drilling operations, they [China] have aeroplanes flying over to survey our activities, they harass us with their vessels, and in extreme cases they cut our [exploration] cables," said Do Van Hau, a senior PetroVietnam official.

The renewed tensions come as Liang Guanglie, the Chinese defence minister, and Robert Gates, his US counterpart, prepare to attend the Shangri-La Dialogue, a high-profile annual Asia defence forum in Singapore next weekend. Liang's appearance will mark the first time a Chinese defence minister has participated in the meeting.

The Vietnamese harassment claims will put the South China Sea issue back in focus ahead of the regional security meeting, which in recent years has increasingly focused on Chinese maritime behaviour in the disputed waters. South-east Asian countries are concerned about what they perceive to be Beijing's increasingly assertive behaviour in regional waters.

The rising tensions have also attracted the attention of Washington. Hillary Clinton, US secretary of state, angered Beijing last July by insisting that the South China Sea was of strategic importance to the US and offering to act as a mediator.

In addition to China and Vietnam, Brunei, Malaysia, the Philippines and Taiwan all claim part or all of the South China Sea, which is believed to contain vast oil and gas reserves and incorporates key trade routes and abundant fish stocks.

On Sunday, PetroVietnam said the Chinese boats that approached one of its vessels on Thursday had deliberately cut an exploration cable, which had been submerged to 30 metres to protect it from oncoming ships.

PetroVietnam is working with a number of large international oil companies, including ExxonMobil and Chevron, to explore and develop oil and gas assets in South China Sea waters claimed by Vietnam. Hau said that this latest incident "will impact on the attitudes of foreign investors".

Carl Thayer, an expert on the South China Sea at the Australian Defence Force Academy in Canberra, said that this latest incident represented an escalation in Chinese aggression toward Vietnam.

"China is brazenly asserting its sovereignty by such actions and it has the preponderance of vessels to enforce this," he said.

Just before 6am on Thursday, three Chinese patrol ships rushed the Binh Minh 2, a seismic survey ship owned by PetroVietnam, damaging a number of cables, according to Vietnam's foreign ministry. The oil exploration vessel had detected the Chinese ships approaching on radar about an hour earlier without warning.

The encounter took place 120 nautical miles off the coast of Phu Yen province in south-central Vietnam, in waters that are claimed by both China and Vietnam.

China routinely detains Vietnamese fisherman who are plying their trade in disputed waters but this is the first time in recent years that Chinese patrol boats have clashed with a Vietnamese oil exploration vessel. A Philippines-licensed oil survey ship suffered a similar confrontation with Chinese patrol vessels in March.

The clash comes just a week after China and the Philippines pledged "responsible behaviour" in the disputed areas and repeated their commitment to a peaceful resolution of conflicting territorial claims. During a visit of Liang Guanglie, China's minister of defence, to Manila last Monday, officials from both governments pledged to avoid unilateral moves which could raise tension.

Philippine President Benigno Aquino said after the visit incidents in disputed areas could trigger a regional arms race, and force the Philippines to strengthen its military capabilities.

Security experts have said that such an arms race is under way already. Several south-east Asian countries are beefing up their air and sea defences - Singapore, Malaysia, Vietnam and Thailand have all acquired or placed orders for frigates, fighter aircraft and submarines.

Neither the foreign ministry nor the defence ministry in China responded to requests for comment.-by Ben Bland, Kathrin Hille
The Dow is 12 market days to Quadraple Witching.(Half yearly window dressing)
Economic news:Motor vehicle sales,ADP employment report,ISM manufaturing Index & Construction spending.
Quantitative Easing ceased 30/6/11.
9:30am:--The mid-week(pivot) will always have a high degree of pullback or retracement.A bearish unshaven top opening for the start of a half yearly witching closing month.
10:30am:--Bears still in control at first hourly low.
Weak private sector job growth numbers are in the news.
11:30am:--A slight retracement but a bearish harami pair warning.There were concern of May figures which will be released by the government.
12:30noon:--A new morning low.Hammering again.Payrolls firm ADP reported non-farm private sector employs 38,000 jobs in May which was below consensus.
1:30pm:--Consolidating near the low.Bearish hammer.
2:30pm:--Dark clouds hanging near session low.
3:30pm:--Aggressive bears in control for the day.Weak economic data is the theme play today.
4:00pm:--A mild technical rebound at the close.
There were hints that the Labour Department is expected to report on Friday that the May unemployment rate will remain unchanged at 9.0 percent from April.
Weak economic data casted more doubts to market players today but this is an overdone scenerio.
The month of May candle(typo error on chart,not June) has a two way swing.Candlestick at the beginning of first day of June has completed its mission of covering the lower shadow.Look forward to another short-covering when the bulls take to the street.

Gold shortchanged.

2011-05-28T22:10:00.001-07:00

Gold is currently a very useful commodity as a safe haven against economic uncertainty.According to World Bank report,Vietnam was the world’s biggest importer of gold.
With the tumbling greenback against almost every currency under the sun, Vietnam is one of the few places where the dollar still command a good premium.
Inflationary concerns, rampant credit growth, and balance of payment problems have all fostered local distrust of the Vietnamese dong.
The widespread use of gold in Vietnam as an alternative currency, higher gold prices are essentially flagging not only a weaker currency but tighter monetary conditions and an economic slowdown.Vietnam's supercharge economy bubble burst due to its citizen's desire to store gold which causes the main symptoms.
Ha Trung street in Hanoi, one of the most popular locations for the gold shops that double as black-market dong-dollar exchange houses.
Saigon Jewelry Holding Company (SJC), Vietnam's largest gold merchant, announced on its website that the yellow metal's prices amounted to VND37.63 million per tael in Ho Chi Minh City and VND37.65 million in Hanoi. A tael is slightly more than 1.2 troy ounces.
Domestically, gold fetched VND150,000 a tael lower than global price.
Lately the god market here in Vietnam has a jolt.half-fake gold was detected.Gold mixed with volfram has appeared in Vietnam and a tael (1.2 ounce) of such gold will cause a loss of up to VND10 million (US$483) to buyers, warned Nguyen Minh Chau, general director of the Bao Tin Minh Chau Co.
Such gold has appeared in Vietnam for the first time, he confirmed.
The impure gold contains volfram and some other heavy metals that are mixed into pure gold according to a special method during the gold melting process.
The difference is so subtle that experienced gold traders and gold analysis machines currently used in Vietnam fail to detect it, he said.
When melting a tael of such gold, local experts found that only 60-80 percent of it was gold and the remainder was foreign matters looking like fine sand.
Volfram, a hard and heavy metal that can more easily melt than gold, sells now for around VND1 million per tael. And a tael of gold containing 10-30 percent Vonfram will deprive buyers of up to VND 10 million ($450), he warned.

Tracking the Dow on Friday,27/05/11.
Asian market Index Futures expiry:2 more market days.
Market focus news: 1)Personal Income & Outlays 2)Consumer Sentiment 3)Pending Home Sales Index.
24 market days to Fed's ending of Quantitative Easing.
9:30am:--Nearly 25 points bullish opening gap up completing the 3rd move with a bullish hammer.
10:30am:--Bears have cornered the market.Opening gap being completely filled.A bottom spinning star depicting a good sign of rebound.
11:30am:--Aggressive bulls brought the indicies to morning session new high.Again the 3rd move has a bearish engulfing.
12:30noon:--Index is now hoovering at the bull pivot support line.A hangman and shooting star at this moment is a sign of caution.
1:30pm:--Sellers emerged and brought the index to the Moving Average pivot support.A mild technicl rebound follow suit.
2:30pm:--Hangman and bearish hammer slightly above the MAV support pivot is no good sign.It can collapse again any time soon.
3:30pm:--After hitting a second bottom of the day,bulls attempted to bring it back to life to the MAV resistance line only to see a bearish doji hindering its last few minutes hattricks.
4:00pm:--The bulls were held back slightly below the MAV resistance line.There will be fresh attempt to follow through.

The bookmakers have smartly brought the Dow to a correction that wiped off April months gain.
In the event this pair of candlestick (April & May) remains in such formation,a bearish harami will not augurs well in the following month.
The previous month May lower shadow will be in the limelight.Meantime caution is the name of the game in view of the mid-year financial closing report and expect more of threatening news by those ratings companies.It's their season of manipulating the market to capitalised on the weakness.If May candlestick can close slightly above April month candlestick body,the market will be fine and more promising.

Citigroup reverse stock split.

2011-05-09T21:58:00.000-07:00

The near collapse Citigroup has on Monday executed a reverse split to lift its stock out of the single digits. Friday's closing was $4.43 per share.Under Citi's plan, 10 shares of stock were exchanged for one new share, raising the price by 10 times
And the reverse stock split gave investors one new share to replace 10 - will raise the trading price from $4.43 to a more respectable $44 a share but not increase the stock's actual value, of course.Instituitional fund managers are restricted to hold stocks below the $5.00 mark so with this new found cosmetic adjustment,Citigroup is now heading towards a new dimension and will definitely compete with its other peers on the Dow Industrials.
As a result of the 1-for-10 reverse split, planned on May 6, the number of total Citigroup shares will fall to 2.9 billion from 29 billion. There will be no change in the par value per share.
No fractional shares were issued in connection with the reverse stock split. Instead, Citi’s transfer agent will aggregate all fractional shares that otherwise would have been issued as a result of the reverse stock split and those shares will be sold into the market. Shareholders who would otherwise hold a fractional share of Citigroup common stock will receive a cash payment from the net proceeds of that sale in lieu of such fractional share.
As a result of the reverse stock split, adjustments are required to be made to certain of Citi’s outstanding securities including its warrants, convertible preferred stock, T-DECS and the rights issued pursuant to the terms of Citi’s Tax Benefits Preservation Plan (the “Plan”).
“Executing the reverse stock split and our intention to reinstate a quarterly common stock dividend are important steps as we anticipate returning capital to shareholders starting next year,” said Vikram Pandit, Chief Executive Officer of Citigroup. “Taken together, we believe these actions will reduce volatility while broadening the base of potential investors. Now that we have established consistent profitability, we are working towards our next goal of responsible growth.”
Warrants Due October 28, 2018
Warrant Share Number Prior to Adjustment :One share of Common Stock
Warrant Share Number After Adjustment :1/10th of one share of common stock
Exercise Price Prior to Adjustment:$17.85
Exercise Price After Adjustment :$178.50 (17.85 X 1/0.10)

Tracking the Dow,Monday 9/05/11.
Economic calender:No economic news today.
Dow Futures expiry:9 market days to go.
9:30am:--A mild 20.0 points gap up followed by bearish hammer.
10:30am:--Pullback filling the opening gap to find a session low.
11:30am:--A rebound to session bull pivot.
12:30noon:--Sudden spike up to find a new session high.Shooting star checkmate.
1:30pm:--A pullback to bull pivot support.
2:30pm:--Still hoovering around the bull pivot support for the second time.
3:30pm:--Bull pivot supporthas been breached.
4:00pm:--Gap down with a powerful bearish hammer.Follow through might be very bearish.
The overall first week Dow's candlestick is a very bearish hammer(blue candlestick).
Oil prices, which have fallen heavily during the week on fears of falling demand and were trading as low as $105.15.
A strong nonfarm-payrolls number helped lift shares of American Express Co. and some other consumer-financial firms Friday, though gains in many in the sector finished off session highs.
As at today the Dow index is still in the bear county which doesn't looks safe at the moment.The negative sentiment strength is still haunting the overall market due to the Greek economy in doldrum fears being slotted in for this month theme play.
The market is pricing in the effect of next month Quantitative Easing expiry when easy money comes to a halt.

Vietnam Dong advance.

2011-05-01T22:44:00.000-07:00

The Socialist Republic of Vietnam is the easternmost country on the Indochina Peninsula in Southeast Asia.

With a population of over 89 million, Vietnam is the 13th most populous country in the world.
Lately the country's currency,the Vietnam Dong advanced to a two- month high on speculation the supply of dollars has increased after the government capped deposit rates for accounts denominated in the US currency. government bonds gained.
The country now has an "abundant" supply of dollars as individuals and companies have been selling about $10 million to $15 million a day to banks, the government said in a statement on its website yesterday.
The State Bank of Vietnam imposed a 3 percent ceiling on the dollar-deposit rates banks could offer to individuals, which took effect April 13. Dong accounts offer interest as high as 14 percent.

The dong gained 0.5 percent, to 20,540 per dollar as of 4:01 p.m. in Hanoi, according to prices from banks compiled by Bloomberg. That was the strongest level since February 10.
The country's exports earned $7.3 billion in April, down by $150 million from the previous month, according to the Ministry of Industry and Trade (MoIT). The ministry said price increases helped raise the export turnover by over $2 billion. The nation's import value reached $8.7 billion in April, down slightly from March's figure, bringing the total import turnover in the first four months of the year to $31.83 billion, a year-on-year increase of 29.1 percent.
As a result, the country's trade deficit for the January-April period was estimated at nearly $4.9 billion, up 6 percent in comparison with the same period last year.
Meanwhile Moody's Investors Service Inc. said its negative outlook on Vietnam reflects balance of payments uncertainty, with any change contingent on recent tightening measures arresting inflationary pressures and containing the volatile exchange rate.
The ratings agency also warned, however, that the rating could face further downward pressure if there was continuing erosion of the Southeast Asian nation's foreign-exchange reserves estimated at $12.2 billion at the end of 2010, compared with a peak of $25.8 billion in February 2008.

Tracking the Dow,Friday 29/04/11.
Economic Report:Personal Income,Employment cost Index,Chicago PMI,Consumer sentiment,Farm Price & Bernanke speaks.
Asian Index Futures expires .

9:30am:--Bullish 30.0 points gap up.Economic data has been very positive .
10:30am:--Holding at near session high.No sign of opening gap being filled.Caterpillar were up 2.8 percent after it reported a record first-quarter profit on strong demand.
11:30am:--Another session high confirming bulls in control.
12:30pm:--Bulls charging to another double top.Shooting star warning.
1:30pm:--Dark clouds hanging near morning's high.
2:30pm:--A pullback to the bull's support line.Hammer pattern noticed.Any technical rebound here is a trap.
3:30pm:--Inverted bulls prevented profit-takers from pulling it to the MAV support line.
4:00pm:--A bearish graveyard doji closing.
Better-than-expected earnings helped lift the Dow Jones Industrial Average to its highest closing level in early three years.
[Federal Reserve Chairman] Ben Bernanke, vows to keep interest rates low forever, or at least for awhile and this will further booost the Dow index. Although the Fed said there would be no new quantitative-easing program,the low interest regime will be the powertool to spearhead the US economy back into a strong footing.

The Fed meets.

2011-04-25T22:05:00.000-07:00

The Federal Reserve is increasingly confident in the economy and about to end a US$600 billion program to support it. Now for the next step - figuring out how to keep inflation from taking off.
Since late last year, the Fed has bought government bonds to keep interest rates low.
Fed Chairman Ben Bernanke and his colleagues are expected to signal this week that they will allow the program to expire as scheduled in June.
The end of the bond-buying program would mean that, aside from tax cuts, almost all the extraordinary measures the government took to prop up the economy are over.
Congress is fighting over how deeply to cut federal spending, not whether to spend more for stimulus.
Since the Fed announced the plan last August, worries that the economy would fall back into recession have all but disappeared. The private sector is adding jobs, and the stock market is at its highest point since the summer of 2008.
But higher oil and food prices pose a threat. If companies are forced to raise prices quickly to make up for escalating costs, that could start a spiral of inflation. Exactly how much of a threat inflation poses to the economy right now is a matter of disagreement within the central bank.
A vocal minority, including the Fed regional chiefs in Philadelphia and Minneapolis, believe the Fed may need to raise interest rates by the end of this year to fight inflation. The Fed has kept its benchmark interest rate near zero since December 2008.
And, Richard Fisher, president of the Federal Reserve Bank of Dallas, argues that the Fed has done its job and should consider halting the bond program now, not in June. "Now we at the Fed are nearing a tipping point," Fisher told reporters earlier this month, referring to inflation.
The majority - including Bernanke, vice chairwoman Janet Yellen and William Dudley, president of the Federal Reserve Bank of New York - believe interest rates should stay low longer, and the bond-buying program should run its course.
Bernanke has predicted that the jump in oil and food prices will cause only a brief, modest increase in consumer inflation. Excluding those prices, which tend to fluctuate sharply, inflation is still low, he has argued.
Bill Gross, who manages the world's largest mutual fund at Pimco, worries that rates on Treasury bonds will rise when the Fed stops buying them. If other buyers don't step in and there's less demand for Treasury bonds, then the rates, or yields, on those bonds would rise. That would drive down prices on bonds. Rates on mortgages, corporate debt and other loans pegged to the Treasury securities would rise, too. Higher borrowing costs could slow spending by people and businesses, and slow the overall economy.
Fed officials and others believe that because the end of the program has been well telegraphed, it won't have much of an impact on bond rates. That was the case in 2010 when the Fed ended a $1.7 trillion stimulus program.
The bond-buying program was the Fed's second since the recession, and is known as "quantitative easing," or "QE2" for short. The economy would have to be in serious danger of tipping into another recession for the Fed to consider embarking on a third round.
The Fed has other tools at its disposal. Since early August, it has taken about $17 billion a month that it earns in interest from mortgage-backed securities and used it to buy bonds, a separate and smaller step than the $600 billion program.
So far this year, Bernanke has managed to forge consensus for his policies - all Fed decisions this year have been unanimous - but the deepening divides could make Bernanke's job more difficult.
The decision comes at a time when Congress and the White House are fighting over how deeply they should cut federal spending over the next decade to curb the nation's budget deficit. The deficit is on track to be a record $1.5 trillion this year, marking the third straight year over $1 trillion. It's the highest share of the total economy since World War II.
House Republicans have passed a plan that would slash spending by nearly $6 trillion over the next decade, in part by overhauling Medicare and Medicaid. President Barack Obama wants $4 trillion in spending cuts over 12 years and would raise taxes on the wealthy.
The economic benefit of another major government measure meant to stimulate the economy, a $821 billion package passed in 2009 for building roads, repairing bridges and other infrastructure projects, has already rippled through the economy.
However, the economy is still getting support from a sweeping package of tax cuts, including a reduction in the Social Security payroll tax that will give an extra $1,000 to $2,000 to most households this year.
The Fed meeting begins Tuesday. When it ends on Wednesday, Bernanke, who wants to make the Fed more of an open institution, will take an unprecedented step for a Fed chief and hold a press conference.
The press conference gives Bernanke the chance to build support for the Fed. But it could also backfire if what he says causes confusion and rattles Wall Street.
Bernanke plans to conduct the press conference once a quarter to unveil the Fed's updated economic forecasts. The Fed is expected to lower its forecast for economic growth slightly this year, bump up its inflation estimate and upgrade its outlook for jobs.
Bernanke also is likely to use the press conference to emphasize the Fed's prediction that the jump in oil and food prices will lead to only a modest and short-lived increase in consumer prices. But he'll also stress that the Fed stands ready to act if inflation shows signs of taking off.
In February 2010, Bernanke began laying out the Fed's strategy for tightening credit. But the economy weakened in the spring and continued to struggle. Bernanke did an about-face, and the Fed announced the bond program during the summer.
The program was necessary in part because the Fed's key interest rate can't be cut any more to prop up the economy. Economists predict the Fed at this week's meeting will maintain a pledge to hold the rate where it is for an "extended period."
Dropping the pledge would be a signal that the Fed would soon be taking steps to tighten credit.
"The Fed isn't prepared to do that just yet. It would be an invitation for a rate-hike party," said economist Stuart Hoffman of PNC.

Tracking the Dow,Monday 25/4/11.
New Home Sales report.
Asian Index Futures expiry:29/4/11.
9:30am:--Bearish 20.0 points gap down.Oil price marches above $110.00 per barrel,inflationary pressure concern.
10:30am:--No signs of opening gap being filled,session with many bearish hangman near the low.
11:30am:--Weak ascending bulls finding a retracement for morning session.With no negative news hitting the tapes recently, the market is riding a wave of positive earnings.
12:30noon:--Hoovering near session MAV resistance line.
1:30pm:--The MAV resistance line breakout.Bullish spike.
2:30pm:--Bearish pullback hitting the MAV support.
3:30pm:--Last hour rebound.
4:00pm:--A weak inverted bull.
Wall Street wavered, oil slipped and the U.S. dollar weakened further against the euro in thin trading on Monday as major European markets were shut for Easter and the outlook for economic growth faltered.
With European markets closed and no major U.S. economic reports on the calendar, the two-day meeting of the Federal Open Market Committee that ends Wednesday will be the key event traders focus on to gauge the direction of monetary policy.

Impact of a government shutdown.

2011-04-08T23:47:00.000-07:00

A government shutdown is what happens when lawmakers can't agree on a budget and don't implement a continuing resolution as a stop-gap measure. A government shutdown is what happened in 1995 and was, by all accounts, disastrous.

Sectors being affected:

1) The Internal Revenue Service would suspend tax audits.

2) the Small Business Administration’s processing of loan applications would be halted

3) national parks would close.

4) suspension of loan guarantees by the Federal Housing Administrations.

5) Environmental Protection Agency reviews of construction projects.

About 800,000 government workers out of 2 million total would be affected by a shutdown, the official said. Military, law enforcement, homeland security and other personnel deemed essential would remain on duty, though their paychecks would be delayed until the government reopens.

Current spending authority for government operations is set to expire on April 8, and lawmakers remain at odds on approving a budget for the rest of the fiscal year, which ends Sept. 30. The government has been operating on a series of temporary spending measures, and Obama has said he is opposed to another extension unless a full agreement is reached by the deadline.

While government agencies are indeed scrambling to put together lists of emergency security employees to fight potential hacker attacks from China and elsewhere, there's one problem. The federal government works at the speed of bureaucracy. Implementing lists of last-minute essential personnel to stay on staff during a shutdown requires considerable office jujitsu and cross-agency coordination.

With only five working days remaining before the potential shutdown, there is a strong likelihood of a lapse in the federal government's network security infrastructure. All federal agencies are required to have emergency plans with lists of critical-need personnel. However, these emergency plans often lie unchanged for years and are written by individuals with little knowledge of security or IT needs.

In such scenerio,the president has the power to seize temporary control of private-sector networks applying the so-called Cybersecurity Emergency Act 2009 .The bill would create a major shift of power away from users and companies to the federal government.

Dow Index Futures is 5 market days to expiry. Economic report:Wholesale earnings.

Quantitative Earnings Expiry:2months 15 market days. US Presidential Election:6 November 2012. 9:30am:--Bullish gap up.Japan worries faded.Crude oil price spike is hampering the advance.A bearish shooting star inside the candlestick body. Hourly candle:Graveyard Doji. 10:30am:--Bears negotiating at session low.Ongoing budget negotiations among lawmakers who promised to work up to their midnight deadline to avoid a government shutdown. Hourly candle:Bearish Hammer 11:30am:--Bullish spike up.Normal mid morning retracement but managed only the bear pivot resistance.Still very weak the sentiment. Hourly candle:Bullish Inverted. 12:30noon:--Hoovering near the bear pivot resistance.Hangman around. Hourly candle:Bearish Engulfing. 1:30pm:--Bears in control at new session low. Hourly candle :Bearish hammer. 2:30pm:--Oil Spikes Toward $112, Hourly Candle:Bearish Crows. 3;30pm:--Last hour short-coverings. 4:00pm:--Healthy close near the day's MAV resistance line.

The first week of April remains bullish for the Dow despite the unforseen quake jitters from Japan.

The price of oil is inching higher day by day and yet there is no price shock to equities as seen in the earlier months. Failure to reach an agreement between the Democrats and Republican on Federal Budget will cause a government shutdown so hopefully this will be avoided. We are now in a pre-election rally phase not only in the US but also in all other countries in Asia.

Banco Bradesco Sa American Depo(NYSE: BBD )

2011-04-01T23:36:00.000-07:00

Banco Bradesco S.A, was formerly known as Banco Brasileiro de Descontos S.A., was founded in 1943 and is headquartered in Osasco, Brazil.It operated a network of 3,454 brancehs,30,657 ATMs,and 4,112 special banking service stations and outlets in Brazil.It also has subsidiaries in New York,London,the Cayman Islands,the Bahamas,Japan,Hong Kong,Argentina and Luxemborg. Listed at the New York stock exchange under the financial sector and is a foreign bank.

Chart shows the intraday movement on Friday.

How shall we tackle the intraday movement?

As for newcomers or novice,always wait for the first one hour trading to see the candlestick formation.

Never jump into the bandwagon based on impulse or having an overconfident euphoria.

This is our emotional weakness.Also our home computers can't beat those hedge fund companies who can execute orders at lightning speed. 9:30am-10:30am:-- The stock open with a bullish gap up and followed by a spinning top near the upper shadow.This implies that the candles light is going to be blown off.It then spike down near to the session bear pivot subsequently rebounded near the high to form a double top. Type of candlestick:-Inverted bull.

2nd Hour(10:30am-11:30am:):-- The stock is now hoovering within the bear pivot and MAV resistance,too many doji stars and bearish spin.In this hour you must plot a new session candlestick. Type formed:a graveyard doji.Should you move in yet?the answer is No.If you do have overnight position,bailout now afterall there is still time to manouvere.

3rd Hour:--(11:30am-12:30noon) Wait 5 times and see the index crawl.It opens low and bullish candle forming.Buy now.

4th Hour:(12:30noon-1:30pm) It has rebounded to session bull pivot and was hanging up there for too long.You'll noticed that there are intermittent bearish hammer.So get the hell out of it and make the profit.Do not worry about brokerage,the bottom line is you need to make yourself happy with the slightest profit.

5th hour(1:30pm-2:30pm) Opens at session high and down it goes to the MAV support line. Candle Type:Bearish Marubozu. 6th hour(2:30pm-3:30pm) candle type:A hangman.

Final hours(3:30pm-4:00pm) A bullish inverted hammer. Overall candlestick today:Bearish inverted with a long upper shadow looking to be filled again.

You'll noticed that the March candlestick formation of this stock is similar to that of Dow Jones who are now the dictator of the world's market. Every of the markets in the other parts of the world are also having a similar pattern.

So it is important to monitor the Dow's performance as well in order to get the direction.

Banco Brasileiro is now heading towards the bull resistance line.So for investment purpose can move in any time now.In the case of day traders,it'll be day to day basis.

Dow on Friday is 3 months to QE expiry,15 market days to index futures expiry. Economic Events:Motor vehicles sales,ISM Mfg Index,Construction situation The start of 2nd Quarter.

9:30am:-Bullish 40 points gap up.The US unemployment rate fell for the fourth straight month in March.

10:30am:--Opening gap being completely filled,ascending bulls lift stocks to session high.Bearish engulfing pair follows.

11:30am:--Hammer and hangman dominating at a double top. The Commerce Department reported U.S. factory orders fell in February for the first time in four months.

12:30noon:--Sign of bearish descend. 1:30pm:--There are still sign of hangman harassing the market meantime holding at the bull pivot support line. 2:30pm:--Bearish engulfing,pullback to near day's low.

3:30pm:--After completing the double bottom,bulls managed to bring it back to the MAV resistance line. 4:00pm:--Closing the day at the MAV support and resistance line.

March end month closing saw the Dow forming a bullish dragonfly doji. The bullish strength is still intact and any sign of correction wil be lingering towards March bull pivot support line. Despite the sharp rise in oil price and threats to global economic growth,investors brushed off all these concern. Stocks have made a rapid rebound from a steep, mid-March selloff triggered by Japan’s devastating earthquake and tsunami, the subsequent threat of a meltdown at damaged reactors and the outbreak of a civil war in Libya. Some strategists have said the selloff was overdone, and attention has returned to U.S. deal activity and economic data.

Nidec Corporation Inc(NYSE:NJ)

2011-03-26T21:47:00.000-07:00

Nidec Corporation Inc(NYSE:NJ) is the world's number 1 in the manufacture of precision comprehensive drives technology with worldwide offices . Research & Developemnt Offices:- 1) Singapore,Loyang Way. 2)Vietnam,Saigon Hi-Tech Park. 3) China,Dalian Economic & Technical Zone. 4)Taiwan,Tapei Production: 1)Thailand,Wangnoi district in Ayuthhaya Province & Bangkadi Industrial Park in Patthumthani Province. 2)Thailand,Rojana Industrial Park in Ayutthaya & Rangsit Factory near Bangkok.Also at Rayong. 3)Pinghu Economic Development Zone, Pinghu City, Zhejiang. The Peoples Republic of China. 4)P.T. NIDEC INDONESIA,in the Riau Province. 5)NIDEC PHILIPPINES CORPORATION, Laguna Technopark Special Economic Zone, Binan, Laguna and Subic Techno Park in The Philippines. 6)Vietnam ,Saigon Hi-Tech Park and Quang Minh Industrial Zone, Me Linh District, Hanoi 7)NIDEC COPAL (MALAYSIA) SDN. BHD.,Nilai Industrial Estate. LONGMONT OFFICE in the United States of America is the R&D CENTER at Colorado while headquarter is at Braintree and office in Torrington,Connecticut. Main Products: 1) manufactures ultra-high-precision pivot assemblies, which support the control arms governing the subtle movement of HDD read/write heads. 2)small precision brushless DC motors are used in various storage devices ranging from CD-ROM, DVD, DVD+RW, DVD-RW, DVD Multi, GAME, Blu-Ray, high-capacity floppy disc drives to laser printers. 3)developed as the general-purpose lines of small brushless DC motors with built-in driving circuits. 4)Nidec currently supplies world's renowned automobile manufacturers with mid-size brushless DC motors for their power assisted steering systems. 5)UltraFlo cooling series fans as new standard cooling fans which possess excellent air capacity, static pressure, and efficiency, whose noise and vibration levels are both low, and which are environmentally conscious. NIDEC CORPORATION Location: 338 Tonoshiro-cho, Kuze Minami-ku, Kyoto 601-8205, Japan. CEO:Shigenobu Nagamori Established:23July 1973 Paid-in capital:Yen 66,551,220,790 Total shares issued: 145,075,080 Financial Year End:March 31 Sector:Industrial Goods I ndustry:Industrial Electrical Equipment Top Instituitional Shareholders @31December 2010 SCOUT INVESTMENTS, INC.=4,198,849=0.72% LAZARD ASSET MANAGEMENT LLC=1,463,555=0.25% Invesco Ltd.=1,173,132=0.20% Managed Account Advisors, LLC=578,023=0.10% JP MORGAN CHASE & COMPANY=285,747=0.05% GRATRY & COMPANY=278,637=0.05% TODD-VEREDUS ASSET MANAGEMENT LLC=201,360=0.03% KENTUCKY (STATE OF) TEACHERS RETIREMENT SYSTEM=200,000=0.03 Bank of New York Mellon Corporation=196,105=0.03 PARAMETRIC PORTFOLIO ASSOCIATES=175,974=0.03 Balance sheet at March 31,2010 Total Assets =7,414,000 Total Liabilities =3,117,000 Total Stockholder Equity =3,642,000 Net Tangible Assets =2,869,000 Change In Cash and Cash Equivalents :(831,000) Nett Income Applicable To Common Shares :$556,000 Upcomin events:- 25-Apr-11,Earnings announcement This stock has been showing signs of weakness for the pass two months and by March,the candlestick formation has shown a word of caution. Despite the natural disaster being happened in the company's home country,its overseas production facilities and subsidiaries are still performing and the impact will not be that significant. On Friday,it has been hanging on the 52 weeks MAV support line and waiting to dive.Meanwhile it is a speculative play and when it has approached the bear pivot support area,time to accumulate as the risk is very low. Again the pattern is your friendly companion during investment. Dow Friday is 4 market days to start of Q2 & 3 months 4 market days to Quantitative Easing dateline. GDP & Consumers Sentiment main news. 9:30am:--Tech shares Oracle upbeat forecast.Bullish 40.0 points gap up. 10:30am:--Opening gap has been filled early,safe for futher bullish trend.Thre powerfull bulls strike. 11:30am:--In its final estimate for the fourth quarter of 2010, US economic growth was stronger than the 2.8 percent the department had previously reported.Index is now spinning at near session high. 12:30noon:--The morning high has been established,the GDP report confirmed a pick-up in inflation pressures on surging food and gasoline prices.Hangman formed. 1;30pm:--Bears are now overwhelming the bulls,the bull pivot support has been breached. 2:30pm:--A double attack at the bull pivot support nearly threatening the MAV support line. 3:30pm:--A sluggish rangebound movement near the bull pivot support for the 3rd time. 4:00pm:--Gone!the bears attacking,bulls giving way but attempted to perform a last minute shortcovering. The overall March candlestick has a very long lower shadow which will be the weapon to be use by hedge funds pirates in the following months. In fact Friday's bullish inverted hammer can also be portrayed as a shooting star taking into account the previous session uptrend. The United States is flush with liquidity and any further stimulus will not help and could even harm the U.S. economy, Dallas Federal Reserve Bank President Richard Fisher said on Friday. Fisher, regarded by economists as one of the most hawkish policymakers at the U.S. central bank, said the Federal Reserve 's $600 billion bond-buying programme should end as planned in June, with no extension or replacement scheme. "It's time to call a spade a spade. We did our job as a central bank. We may have overdone our job. We have done enough. We are at risk of doing too much. I don't believe we will," Fisher said at a Bruegel Institute think tank event in Brussels.

Boyd Gaming Corporation.

2011-03-19T07:39:00.000-07:00

The Stardust opened on June 2, 1958 with 1,065 rooms (worlds largest hotel), a 16,500 square foot casino (largest in Nevada) a huge neon sign as its facade (worlds largest electric sign) 216 feet long and 37 feet high, the sign contained over six miles of wiring, 7,100 feet of neon tubing and 11,000 lamps. There was also a large round free-standing sign on the strip.
The famous Stardust was moved to the Neon Museum on Fremont Street costing $80,000 to move it to the museum.
The Stardust was officially closed on November 1, 2006 after operating continuously for 48 years. It was imploded on March 13, 2007.In 2007, construction began on Echelon Place, which replaced The Stardust.
Founded more than 30 years ago, Las Vegas-based Boyd Gaming Corporation is a leading casino entertainment company, owning and operating nine properties in Las Vegas, NV. The Company is also developing Echelon, a world-class destination resort on the Las Vegas Strip. One of the most respected names in the casino industry, Boyd Gaming is well-known for offering its customers a distinctive entertainment experience, coupled with an unrivaled attention to customer care.
In 1941, when Sam Boyd arrived in Las Vegas with his family and just $80 in his pocket. He worked up through the ranks of the Las Vegas gaming industry, moving from dealer to pit boss to shift boss. It wasn’t long before Sam had saved up enough money to buy a small interest in the world-renowned Sahara Hotel. He then moved on to become general manager and partner at The Mint in downtown Las Vegas, where he introduced a number of successful marketing, gaming and entertainment innovations.
The birth of Boyd Gaming came on January 1, 1975, when Sam and his son Bill Boyd founded the Company to develop and operate the California Hotel and Casino in downtown Las Vegas.
Sam Boyd passed away in 1993, but the Company he founded continued to grow and thrive under Bill’s leadership.

Top Institutional Holders in Boyd as at financial year end 31 December 2010
LMM, LLC==4,751,190==5.51%
DIMENSIONAL FUND ADVISORS LP==3,965,627==4.60%
Capital Research Global Investors==3,734,000==4.33%
PAR CAPITAL MANAGEMENT, INC.==3,383,863==3.92%
H Partners Management, LLC==3,100,000==3.59%
FMR LLC==3,000,000==3.48%
VANGUARD GROUP, INC. (THE)==2,476,325==2.87%
BlackRock Fund Advisors==1,990,506==2.31%
GAMCO INVESTORS INC==1,804,150==2.09%
STATE STREET CORPORATION==1,773,671==2.06%

Top Mutual Fund Holders
Legg Mason Capital Management Opportunity Trust Fd==4,500,000==5.22%
SMALLCAP WORLD FUND==3,349,000==3.88%
FIDELITY MID-CAP STOCK FUND==3,000,000==3.48%
DFA U.S. SMALL CAP VALUE SERIES==1,452,948==1.68%
VANGUARD SMALL-CAP INDEX FUND==787,290==0.91%--Sep 30, 2010
ISHARES RUSSELL 2000 INDEX FD==710,561==0.82%== Jan 31, 2011
SPDR S&P Mid Cap 400 ETF Trust==577,755==0.67%==Sep 30, 2010
VANGUARD TOTAL STOCK MARKET INDEX FUND==577,446==0.67%==Sep 30, 2010
VANGUARD SMALL CAP VALUE INDEX FUND==483,781==0.56%==Sep 30, 2010
ISHARES S&P MIDCAP 400 INDEX FD==483,781==0.56%==Jan 31, 2011

Balance sheet fiscal year end 31 December 2009
Total Assets =$4,459,957
Total Liabilities =$3,303,588
Total Stockholder Equity =$1,156,369
Net Tangible Assets =$520,667

Cash Flow:-
Change In Cash and Cash Equivalents =($4,950)

Latest news events:-
(1/3/10) For the fourth quarter 2010, the company reported a net loss of $7.1 million, or $0.08 per share, compared to a net loss of $1.0 million, or $0.01 per share, in the same period last year.
Adjusted Earnings(1) for the fourth quarter 2010 reflect a loss of $3.9 million, or $0.05 per share, compared to earnings of $0.2 million, or less than $0.01 per share, for the same period in 2009.
Commenting on the quarter, Keith Smith, President and Chief Executive Officer of Boyd Gaming, said, "As expected, fourth-quarter comparisons were the best of the year, as business conditions and consumer confidence continued to improve. As the economic recovery gains momentum, we anticipate we will see increases in both visitation and spend-per-visit, resulting in a return to consistent growth across our business this year."
Stock Code:NYSE:BOYD
Sector:Services
Industry:Resorts & Casino
Last December the stock closes the year 2010 with a bang.Thereafter in January,a graveyard dojistar follows.
During middle of first quarter,it found its early high for the year but ended for that particular month (February) with another graveyard doji.
By March current season,it is now very bearish so even if there is a short term rebound,do not fall into the dead cat bounce.
Strategy:-It is better to hold your cash and wait till the beginning of next quater to plan the move.Again wait for the first three market days for it to dictate the type of candlestick pattern.By the end of the first week on Friday where most traders will unwind position and if there is a general weakness it will be the best chance.Better be late than never.Anything below the bear pivot support region is an opportunity to move in and a rebound to MAV resistance sell to take the first profit.
Tracking the Dow on Quadraple Witching Day.
Quantitative Easing:3 months 9 market days to go.
No major economic news.
9:30am:--Heftey 140 points gap up opener. Gains supported by a rush of dividend announcements from major banks.
10:30am:--A shooting star after the opening bell has stocks pulling back to session MAV support line.
Decision by global central banks to intervene in currency markets, moderately chipped away at losses of more than 1% for the week.
11:30am:--Another Bearish hit at the MAV support.
12:30noon:--It's a triple bearish hit at the MAV support line.
1:30pm:--MAV support line has been breached.Hangman noticeable.
2:30pm:--The bear pivot support line has been hit but bulls were hanging on.Libya’s foreign minister announced a cease-fire and said the government would halt military operations in the North African nation.
3:30pm:--Bullish spike but failed to even hit the MAV resistance.
4:30pm:--Closes with a bullish unshaven candlestick far below the MAV resistance.Not a very good sign.
The hedge funds have systematically clean up the US market right till the eve of Quagdraple Witching Day.
Their final hammering sign was on Tuesday where they deliberately leave a long lower shadow with intention to create a bigger pullback. Now they have short-covered but failed to deliver above the current month MAV resistance. Scary outside risk from Japan, the Middle East and Libya are still haunting the market.
Now that the witches have celebrated their blood sucking days,hopefully Friday's inverted bull is not translated into a shooting star again.

A summit of G-8 in France.

2011-03-13T06:56:00.001-07:00

The earthquake disaster in Japan looks set to dominate a Group of Eight foreign ministers meeting this week in Paris as members discuss ways to coordinate help for the only Asian country in the group.
The crisis over Libya will also be a key issue, with the international community seeking to agree on how to stop a violent crackdown in the North African state by leader Muammar Gaddafi's government forces.
With no headquarters, budget or permanent staff, the Group of Eight is an informal but exclusive body whose members set out to tackle global challenges through discussion and action.It was founded in 1975, Rambouillet, France.
The G8's roots lie in the oil crisis and global economic recession of the early 1970s.
The countries are the United States,Canada,Great Britain,France,Italy,Germany,Russia and Japan.
G8 members can agree on policies and can set objectives, but compliance with these is voluntary. The G8 has clout in other world bodies because of the economic and political muscle of its members.
Nevertheless, G8 leaders strive to keep at least some of their encounters free from bureaucracy and ceremony. On the second day of their summit the leaders gather for an informal retreat, where they can talk without being encumbered by officials or the media.
The presidency of the G8 rotates between the group's member nations on an annual basis.
The country holding the presidency in a given year is responsible for hosting the annual summit and for handling the security arrangements.
As the foremost economic and political power in the G8, the US is regarded as the dominant member of the group, although this position is not formally enshrined.
Important countries with fast-growing economies and large populations, including China and India, are not represented. There are no African or Latin American members.
The Dow is 5 market day to Witching Day.(first quarter ending)
Highlight today: Retail Sales(moving news),Business Inventories,Consumer Sentiment.
Quantitative Easing:3 momths 14market days to go.
10:30am:--Japanese earthquake fear.Bearish open.
11:30am:--Bullish engulfing at session low.Crude-oil futures set a bearish tone in the energy sector
12:30noon:--Bullish inverted hammer near morning low.
1:30pm:--Index spike to session high.
2:30pm:--Pullback to bull pivot support.
3:30pm:--A bullish rebound.
3:00pm:--Closes at near day's high.
March being the end of fiscal year first quarter seems to be a bearish month.The bears are in control and any rebound will test the current month MAV resistance line at 12,109.71 which is very near to Friday's closing.
U.S. stocks advanced Friday as shares of energy and materials companies bounced on relief that large protests in Saudi Arabia failed to materialize and on expectations they could benefit from Japan’s rebuilding efforts.

Oilfields in Libya

2011-03-08T19:25:00.000-08:00

Location:
Libya also called the Great Socialist People's Libyan Arab Jamahiriya is a country in North Africa became independent from Italian colonial rule in 1951.At that time it was called Italian North Africa.
Bordering the Mediterranean Sea to the north, Libya lies between Egypt to the east, Sudan to the southeast,Chad and Niger to the south, and Algeria and Tunisia to the west.
With an area of almost 1.8 million square kilometres (700,000 sq mi), 90% of which is desert, Libya is the fourth largest country in Africa by area, and the 17th largest in the world.
The capital, Tripoli, is home to 1.7 million of Libya's 5.7 million people. The three traditional parts of the country are Tripolitania, the Fezzan and Cyrenaica.
History
On September 1,1969,a small group of military officers led by the then 27 year old army officer Muammar Abu Minyar al-Gaddafi staged a coup d’état against King Idris. At the time, Idris was in Europe for medical treatment. His nephew, Crown Prince Sayyid Hasan ar-Rida al-Mahdi as-Sanussi, became King. It was clear that the revolutionary officers who had announced the deposition of King Idris did not want to appoint him over the instruments of state as King. Gaddafi was at the time only a captain and his co-conspirators were all junior officers. Nevertheless the small group seized Libyan military headquarters (due to the sympathies of the stationed men) and the radio broadcasting station with 48 rounds of revolver ammunition. Before the end of September 1, Sayyid Hasan ar-Rida had been formally deposed by the revolutionary army officers and put under house arrest. Meanwhile, revolutionary officers abolished the monarchy, and proclaimed the new Libyan Arab Republic. Gaddafi was, and is to this day, referred to as the "Brother Leader and Guide of the Revolution" in government statements and the official press.
Oil fileds

1) The Bouri Offshore Field
Located 120 kilometers (70 miles) north of the Libyan coast in the Mediterranean Sea.It was first discovered in 1976 at a depth of 8,700 feet (2,700 m) and is estimated to contain 2 billion barrels (320,000,000 m3) in proven recoverable crude oil reserves and 2.5 trillion cubic feet (71 km3) of associated natural gas with an annual production potential of 6 billion m³. Bouri is considered the largest producing oilfield in the Mediterranean.
2) The Elephant field (also known as the El Feel)
An oil field located in onshore in Libya's Murzuq Basin(southwestern Libyan desert about 465 miles (800 km) south of Tripoli, Libya).The Operator of the Elephant Field is Agip(Azienda Generale Italiana Petroli) - General Italian Oil Company, a company equally owned by National Oil Company and Eni.
3) The Gialo High
A relatively small horst block in the eastern Sirte Basin( bordered on the north by the Gulf of Sidra) of the Libyan oil fields. It is most important and best known for the stacked oil fields in rocks ranging from Early Cretaceous to Oligocene age. There are several billion barrels of oil reserves associated with the structure both over the crest of the horst as well as flanking the high in the adjacent graben.
The Sirte Basin ranks 13th among the world’s petroleum provinces, having proven oil reserves estimated at 43.1 billion barrels of oil equivalent, an amount that constitutes 1.7% of the world’s known oil reserves.

4) NC186 oil field.
Located in the southwest of Libya near Ubari in the Targa Valley. It operated by Repsol.Repsol YPF, S.A. (originally an initialism for Refineria de Petróleos de Escombreras Oil - Yacimientos Petrolíferos Fiscales Sociedad Anónima, BMAD: REP) is an integrated Spanish oil and gas company with operations in 29 countries.
5) The Raguba field.
Central part of Libya's Sirte Basin. The Sirte Oil Company (SOC),a state-owned operates the Raguba field. The field is connected by pipeline to the main line between the Nasser field, one of the largest in Libya, and Marsa El Brega.
Libya's onshore oil has been discovered mainly in three geological trends of the Sirte Basin:
a) the western fairway, which includes several large oil fields (Samah, Beida, Raguba, Dahra-Hofra, and Bahi);
b) the north-center of the country, which contains the giant Defa-Waha field and Nasser fields, as well as the large Hateiba gas field; and
c) an easterly trend, which has large fields like Sarir, Messla, Gialo, Bu Attifel, Intisar, Nafoora-Augila, and Amal. Overall, the Sirte Basin contains approximately 80% of Libya's proven oil reserves and accounts for 90% of production.
5) The Sarir Field
It was discovered in southern Cyrenaica during 1961 and is considered to be the largest oil field in Libya, with estimated oil reserves of 12 Gbbl (1.9 km3).Sarir is operated by the Arabian Gulf Oil Company (AGOCO), a subsidiary of the state-owned National Oil Corporation (NOC).
6) Waha field
It is an oil field located in the Libya sirte basinand owned by the Waha Oil Company (WOC), which is a subsidiary of the National Oil Corporation (NOC).
7) The Zelten oil field (now known as the Nasser field)
Located in the town of Zelten, at the foot of the Zelten Mountains, about 105 miles (169 km) south of Marsa El Brega in Concession 6. Zelten holds the title as the largest oil field in the Gulf of Sirte. The 229 wells in Zelten use a gas lifting system.Discovered in 1956, Zelten was Libya's first major oil well.
Conclusion
Oil reserves in Libya are the largest in Africa and the ninth largest in the world with 41.5 billion barrels (6.60×10^9 m3) as of 2007.
The Dow is 8 market days to index/options expiry. Sign of rollover of contracts happen 7 days before expiry.
Quantitative Easing:3 months 17 days to go.
Today:ICSC-Goldman Store Sales
Tomorrow:EIA Petroleum Status(market moving news)

9:30am:--A bullish inverted hammer opener. Easing world oil prices after Saudi Arabia promised it could offset any supply disruption in the Middle East.
10:30am:--Ascending bulls bringing the index to session peak.Leadership from the financial sector has helped the advance.
11:30am:--Another hourly high.Bullish harami.
12:30noon:--The morning high being set.
1:30pm:--Bearish pullback.Softening oil price are hurting energy stocks.
2:30pm:-A sudden flurry of selling pulled the index to the bull pivot support line.Bullish harami formed.
3:30pm:--Retracement to near day's high.Double Top.
4:00pm:--Three Black Crows looking for dead cat bounce.

The index movement in March is within a very tight range.Despite the short-coverings activities today which is normal a week before index/options expiry,the overall March Candlestick is like a hangman with a long bearish lower shadow beneath.
There is already a leakage on the EIA Petroleum Status Report so today movement has already priced in the report.
This is the 2nd time(duplicate news) that Opec is "planning" to increase production but where is the call for extraordinary meeting to get the proposals moving.Another a second round of comfort news that Libyan leader is negotiating a truce.
All these are part of the theme play this month.

Hercules Offshore benefiting from oil price hike.(Nasdaq:HERO)

2011-03-05T07:21:00.000-08:00

Hercules Offshore, Inc.,founded in 2004 with its headquarter in Houston,Texas is a leading global provider of offshore contract drilling, liftboat and inland barge services.
Their fleet of jackup rigs is the fourth largest in the world and the largest in the U.S. Gulf of Mexico. Apart from this it also own and operate the largest liftboat and inland barge drilling fleets in the world namely Middle East,West Africa,India Mexico and Malaysia.
The latest crude oil price hike breaching the $100 mark is benefiting the company in the short term due to geo-political uncertainty currently happening in Libya.
Top Institutional Shareholders @31 Dec 2010(fiscal year)
VANGUARD GROUP, INC. (THE)=5,953,161=5.19%
DIMENSIONAL FUND ADVISORS LP=5,675,079=4.94
Ameriprise Financial, Inc.=4,271,093=3.72
BlackRock Fund Advisors=3,333,857=2.90
SCEPTER HOLDINGS, INC.=3,325,571=2.90
PRICE (T.ROWE) ASSOCIATES INC=3,230,979=2.81
STATE STREET CORPORATION=3,191,265=2.78
BlackRock Institutional Trust Company, N.A.=3,130,259=2.73
PIONEER INVESTMENT MANAGEMENT INC.=3,068,622=2.67
FMR LLC=3,025,000=2.64

Top Mutual Fund Holders:
FIDELITY LOW-PRICED STOCK FUND=2,600,000=2.27
PIONEER HIGH YIELD FUND=2,437,937=2.12
DFA U.S. SMALL CAP VALUE SERIES=2,245,908=1.96
PRICE (T.ROWE) SMALL-CAP VALUE FUND=2,000,000=1.74
VANGUARD TOTAL STOCK MARKET INDEX FUND=1,685,024=1.47
VANGUARD SMALL-CAP INDEX FUND=1,612,876=1.41
ISHARES RUSSELL 2000 INDEX FD=1,504,449=1.31
RiverSource Equity Ser-Columbia Mid Cap Growth Opportunitiy=1,499,851=1.31
VANGUARD SMALL-CAP GROWTH INDEX FUND=971,697=0.85
ISHARES RUSSELL 2000 VALUE INDEX FD=936,284=0.82

Balance Sheet @31 december 2009:
Total Assets =2,277,476
Total Liabilities =1,298,964
Total Stockholder Equity =978,512

Net Tangible Assets =978,512

Cash Flow:
Net Income =(91,734)
Total Cash Flow From Operating Activities =138,919

Total Cash Flows From Investing Activities =(60,510)
Total Cash Flows From Financing Activities =(44,036)

Change In Cash and Cash Equivalents =34,373

In the news:

An announcement in February says that it is to acquire rig assets from Seahawk Drilling Inc(Nasdaq:HAWK) which is in Chapter 11 bankruptcy proceedings.

HAWK is selling 20 shallow-water jackup rigs for US105million effectively liquidating the company.

With this acquisition,HERO will be cornering more oil drilling jobs thus enhancing the company's profitability.

On the 9-Mar-11,the company will be making its earnings announcement so investors are buying ahead in anticpation of a good financial report.The share price has been on the upward bias and is currently hoovering near the 52 weeks high.

January was a bearish spin within December's upper candlestick body(that is the bullish section.)

The current month candlestick is a bullish inverted hammer and it stands a positive chance of a major breakout of the 52 weeks high.

The Dow Friday is 10 market days to index/options expiry.
We are now 3 months 26 days to Quantitative Easing expiry withdrawal.

Economic calender today:Employment situation{market moving indicator}:Factory Orders.

9:30am:-A bearish shooting star candlestick opening.

10:30am:--The Labor Department said Friday the economy added 192,000 jobs last month, triple the number in January, and the unemployment rate fell to 8.9 percent from 9.0 percent.Index holding near session low but there were hammer candlestick.

11:30am:--A second failed attempt near session bear pivot resistance.

12:30noon:--Higher oil price is causing s sudden spike down.

1:30pm:--A new day's low,a bullish engulfing hold back further slide.

2:30pm:--Bulls holding positon near the bear pivot resistance.

3:30pm:--A triple dip,bullish engulfing.The ISM Service index rose to 59.7, the highest level since 2005.

4:00pm:--A last minute ascending bulls ending with a bearish spin.

Fed Chairman Bernanke delivered his semi-annual policy report to lawmakers. He was optimistic about the economic outlook but made no real revelations.Meanwhile, unrest in the Middle East continues to stir up the commodity market. Oil prices rallied 7.3% hitting a multi-year high of $105.17 per barrel. Gold increased 1.6% to an all-time nominal high of $1441 per ounce.

Friday's market has wiped off previous day's gain but has recovered and held comfortably within current month bullish zone.It is in a bearish hammer pattern.Another dip will be the lower shadow range till Wednesday's bullish spin coverage before it stabilizes.Meantime fasten your seat belt.

In the event geopolitical tension in Libya is still not being solved,the current oil shock will continue till October's Hurricane season in the Gulf of Mexico and we are all in trouble.

Walt Disney(NYSE:DIS)

2011-02-28T18:55:00.000-08:00

Walter Elias Disney (December 5, 1901 – December 15, 1966) from Chicago,Illinois,the United States is the pioneer of the famous 20th century entertainment production..WALT DISNEY.

Disney is particularly noted for being a film producer and a popular showman, as well as an innovator in animation and theme park design. He and his staff created some of the world's most famous fictional characters including Mickey Mouse, a character for which Disney himself was the original voice.
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide.The company's Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida that includes theme parks; resort hotels; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; and water parks.The company was founded in 1923 and is based in Burbank, California.
ETFs with DIS as a Top 10 Holding
WisdomTree Low P/E Fund=NA
iShares Dow Jones U.S. Consumer=4.31%
PowerShares Dynamic Leisure & E=4.94
iShares S&P Global Consumer Dis=3.15
ProShares Ultra Consumer Servic=1.26
Vanguard Consumer Discret ETF=4.20
SPDR Select Sector Fund - Consu=6.10
Mutual Funds with DIS as a Top 10 Holding
BROWN ADVISORY FLEXIBLE VALUE F
BERWYN CORNERSTONE FUND
BOYAR VALUE FUND INC THE
RIDGEWORTH FDS LARGE CAP CORE E
COMMERCE FUNDS VALUE FD INSTITU
CAUSEWAY GLOBAL VALUE FD INSTL
COLUMBIA MARSICO 21ST CENTURY F
Major Institutional Shareholders as at 31 December 2010:-( shares)( % )
FMR LLC=7,465,778=5.13%
STATE STREET CORPORATION=2,921,696=3.84
VANGUARD GROUP, INC. (THE)=6,284,226=3.49
BackRock Institutional Trust Company, N.A.=6,762,419=2.46
PRICE (T.ROWE) ASSOCIATES INC=3,146,094=2.27
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO=2,206,018=2 .22
MASSACHUSETTS FINANCIAL SERVICES CO - OTHER=40,851,328=2.15
SOUTHEASTERN ASSET MANAGEMENT, IN=37,369,00=1.97
JENNISON ASSOCIATES LLC=33,330,415=1.76
NORTHERN TRUST CORPORATION=28,237,436=1.49

DISNEY is listed in the services sector of the Dow component and the latest price trend shows that it is also in a bullish mode.

The stock price has spike up in February and is very near to the 52 weeks High with a view of possible breakout.
On the 9-May-11 will be the earnings announcement so meantime till that piece of news will be great for the stock.

Tracking the Dow,Monday 28.2.11
1)Personal Income and Outlays

2)Chicago PMI
3)Pending Home Sales Index

9:30am:--Bullish 20.0 points spike up..Stocks open higher after Bullard comments.

10:30am:--Early session high.Bearish engulfing.Lower crude oil is helping to sustain the market.

11:30am:--Pullback to bull pivot support with an inverted bulish hammer.A regional index showed manufacturing expanding further in the Midwest.

12:30noon:--Retrace to bull pivot resistance.Follow through was a hammer.Downgrade of Amazon.com Inc. hit technology shares.

1:30pm:--Bearish spike down to MAV support line.Consumer spending rising 0.2% in January.

2:30pm:--Rebounded to bull pivot resistance.Bullish inverted hammer.Pending home sales fell for a second straight month.

3:30pm:--Ascending bulls to near day's high.

4:00pm:--A bullish candlestick.
Oil prices edged down on reports that a tanker destined for China was loading crude in a Libyan port, while Saudi Arabia was hiking exports, with crude futures (CLJ11 97.42, +0.45, +0.46%) for April delivery finishing off 91 cents at $96.97 a barrel, or up 5.2% for the month, on the New York Mercantile Exchange.

Bank of St. Louis Federal Reserve President James Bullard told CNBC that energy prices would need to run substantially higher to curb the recovery.
The 5 days technical chart has formed a valley(trough).

Nordstrom Department al Store(NYSE:JWN)

2011-02-23T21:12:00.003-08:00

Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States.
The company offers a selection of brand name and private label merchandise. It sells its products through various channels, including Nordstro full-line stores, Nordstrom Rack off-price stores, Last Chance clearance stores, and Jeffrey boutiques; and through catalog and the Internet.
Nordstrom, Inc. also provides a private label card, two Nordstrom VISA credit cards, and a debit card for Nordstrom purchases. Its credit and debit cards feature a shopping-based loyalty program. The company also designs and contracts to manufacture private label merchandise sold in its retail stores. As of March 19, 2010, it had 187 retail stores located in 28 states. The company was founded in 1901 and is based in Seattle, Washington.
TOP Instituitional Shareholders @31Dec2010.
MARSICO CAPITAL MANAGEMENT, LLC=10,863,583=4.96%
VANGUARD GROUP, INC. (THE)=8,605,227=3.93%
WELLS FARGO & COMPANY=8,379,373=3.83%
Ameriprise Financial, Inc.=7,599,467=3.47%
STATE STREET CORPORATION=6,266,514=2.86%
FMR LLC=5,492,526=2.51%
WELLINGTON MANAGEMENT COMPANY, LLP=4,882,149=2.23%
FISHER INVESTMENTS, INC.=4,156,736=1.90%
BlackRock Institutional Trust Company, N.A.=4,044,926=1.85%
TIAA-CREF INVESTMENT MANAGEMENT, LLC=3,766,641=1.72%

Top Mutual Funds Holder:-
COLLEGE RETIREMENT EQUITIES FUND-STOCK ACCOUNT=2,959,374=1.35%
VANGUARD MID-CAP INDEX FUND=1,938,596=0.89%
VANGUARD TOTAL STOCK MARKET INDEX FUND=1,886,197=0.86%
VANGUARD 500 INDEX FUND=1,537,989=0.70%
ARIEL FUND=1,334,775=0.61%
VANGUARD HORIZON FUND-CAPITAL OPPORTUNITY PORTFOLIO=1,275,000=0.58%
SPDR S&P 500 ETF Trust=1,258,091=0.57%
PIONEER FUND=1,255,793=0.57%
VANGUARD INSTITUTIONAL INDEX FUND-INSTITUTIONAL INDEX FD=1,236,985=0.56%
Columbia Fds Ser Tr-Columbia Marsico Focused Equities Fd=1,226,899=0.56%
Balance Sheet Period ending 30 January 2010

Total Assets =6,579,000
Total Liabilities =5,007,000

Common Stock=1,066,000
Retained Earnings=525,000
Other Stockholder Equity=(19,000)
Total Stockholder Equity =1,572,000

Net Tangible Assets =1,519,000

Despite the intraday temporary setback,the stock in February is still in a bullish mode.
If it ever pullback to the bull pivot and below,it is the best level for accumulation.
Meanwhile it is in a speculative mode.
Founded in 1901 as a retail shoe business,it has now grown to be the leading fashion specialty retailer in the united States.
Tracking the Dow,Wednesday.
9:30am:--Oil topped $98 a barrel,a bearish hammer.
10:30am:--Attempt to recoup but met with bearish shooting star near opening lower shadow.

11:30am:--Further bearish hammer at session low.Chaos in Libya is disrupting global markets.

12:30noon:--Another new session low,hangman.

1:30pm:--Afternoon session opening another new low,bullish engulfing.H-P (HPQ) was a leading drag today, down some 11% at one point, after issuing a revenue warning late Tuesday.

2:30pm:--Retrace to bear pivot resistance.Gold closed at its highest in seven weeks, up $12.90, or 0.9%, at $1,414 an ounce.

3:30pm:--Inverted bulls at MAV resistance line with bearish pullback to bear pivot support.In the latest housing data, sales of previously occupied homes rose in January.

4:00pm:--A bullish spin.Usually after two or three consecutive downs,the market will rebound.
A bearish spin below the MAV resistance line.The next support level will be the bear pivot before it stabilizes.

Volume weakness in the Dow for the past one week has made the index very vulnerable to a tremendous pullback.

Libya's violence sent oil prices up briefly to $100 a barrel and tech shares sank, adding credence to calls for a market correction.

A healthy pullback for bargain hunting.

Solar Energy,JA Solar Holdings Co Ltd(Nasdaq:JASO)

2011-02-20T05:10:00.001-08:00

JA Solar Holdings Co., Ltd. located at Jiang Chang San Road,Shanghai,People's Republic of China is engaged in design, development, production and sales of high-performance solar energy products. Established on May 18, 2005, JA Solar was listed on NASDAQ in the United States (ticker symbol: JASO) on February 7, 2007.
JA Solar has built two main solar cell manufacturing facilities in Ningjin, Hebei Province and Yangzhou, Jiangsu Province with a total capacity of 2 GW. We established our 500 MW PV module factory in Fengxian, Shanghai. The capacity of multi-crystalline silicon wafer factory in Donghai, Jiangsu Province is 300 MW. We are committed to the research of high efficiency solar cell in our research center in Yangzhou, Jiangsu Province, and have achieved new type solar cell with an efficiency of over 19% through protracted and unremitting efforts.
In 2009, the sales of JA Solar reached 3.8 billion RMB and annual shipments achieved 509 MW, which made JA Solar rank the world's top six and China's top three manufacturers of solar cells. It is expected to maintain a rapid growth in shipments and exceed 1.45GW in 2010, which made JA Solar the largest solar cell manufacturer in the world.
JA Solar is committed to creating sustained value by harnessing the world's sunlight. The core values of JA Solar's philosophy are integrity, persistence and teamwork. It is JA Solar's earnest desire to excel in providing solar energy products to best serve society and the environment.
JA Solar's Vision
Protect the one Earth we all share, for this and future generations
Board of Directors
1) Baofang Jin
Executive Chairman and Chairman of the Board of Directors since May 2005.
Mr. Jin currently serves as vice-chairman of the Chinese People's Political Consultative Conference of Ningjin County, vice president of Hebei Chamber of Commerce, vice chairman of Hebei Association of Entrepreneurs, executive chairman of Hebei Information Industry Association, chairman of Electronic Information Materials Sub-Association of Hebei Information Industry and Informatization Association, etc..
Mr. Jin holds an associate's degree from Hebei Broadcast and Television University in China.
2) Peng Fang
Chief Executive Officer
Appointed in January 2010.
Dr. Fang was president of Best Solar Co., Ltd., where he turned a start-up company into an internationally known solar module company in just 18 months. Dr. Fang was formerly president of Huahong NEC, one of the largest semiconductor foundries in China.
Dr. Fang has also held various technology and management positions at Applied Materials and AMD in the U.S.
Dr. Fang received his Ph.D and MSEE degrees from the University of Minnesota. He was also a postdoctoral research fellow at the EECS Department of UC Berkeley. Dr. Fang was chairman of the IEEE Electron Devices Society, Santa Clara Valley Chapter.
3) Jian Xie
Chief Operating Officer appointed in January 2010. Since joining JA Solar in April 2006, Mr. Xie has served in such capacities as the company's director of corporate finance, director of investor relations, assistant to the chief executive officer, secretary of the board of directors and vice president of Sales.
Prior to joining JA Solar, Mr. Xie worked in the investment banking department of Ping'an Securities Co., Ltd., and as an associate in the investment department at Dogain Holdings Group Co., Ltd.
Mr. Xie received his master's degree in finance from Guanghua School of Management at Beijing University in 2004.
4) Anthea Chung
Chief Financial Officer appointed in January 2009.
Ms. Chung has more than 16 years of financial management experience at public and private companies, including most recently the chief financial officer position at Solar Enertech Corp., a public company that manufactures solar cells and solar modules in Shanghai and Menlo Park, California. She was also former vice president and corporate controller at RAE Systems in San Jose, California, a US-listed company manufactures high-tech gas detection equipment. Ms. Chung began her career as an auditor and worked over eight years for PricewaterhouseCoopers.
Ms. Chung earned her Bachelor of Science degree in accounting at Indiana University and is a certified public accountant registered in California.
5) Yong Liu
Chief Technology Officer appointed in September 2010.
Mr. Liu has more than 15 years of operation management experience at semiconductor wafer and solar cell manufacturing facilities. Prior to joining JA Solar, he served as fab director at Semiconductor Manufacturing International Corporation (SMIC), responsible for running three 12-inch wafer foundry fabs, which were the most advanced wafer fabs in China. Mr. Liu had held various management positions in R&D and manufacturing since joining SMIC in 2001. Previously, Mr. Liu worked as deputy production manager at Wacker Siltronic Singapore.
Mr. Liu received his master's degree in solid state chemistry and bachelor's degree in solid state physics from the University of Science and Technology of China in 1992 and 1990, respectively.
6) Ming Yang
Vice President appointed in January of 2009.
Mr. Yang has more than six years of experience working as a Wall-Street buyside and sellside analyst, specializing in the renewable energy and semiconductor materials sectors. Most recently, Mr. Yang was an analyst covering the renewable energy sector at Coatue Management, a $2 billion hedge fund based in New York. Before that, he was vice president at Piper Jaffray for four years, as senior China research analyst covering solar energy and semiconductor materials, based in Shanghai. Mr. Yang started his Wall Street career as an analyst at Dreman Value Management.
Mr. Yang holds a Master of Business Administration degree from Cornell University and a bachelor's degree in electronic engineering and computer science from the University of California at Berkeley.
Top Institutional Holders at Sep30,2010
INVESTEC ASSET MANAGEMENT LTD=5,861,800=3.47%
SAM Sustainable Asset Management Ltd=5,556,700=3.29%
MORGAN STANLEY=5,204,526=3.08%
DEUTSCHE BANK AKTIENGESELLSCHAFT=3,902,230=2.31%
FMR LLC=18,109,870=10.71%
UBS GLOBAL ASSET MANAGEMENT (AMERICAS) INC=3,203,650=1.90%
Pictet Asset Management Ltd=2,511,932=1.49%
Invesco Ltd.=2,400,717=1.42%
EVEREST CAPITAL LIMITED=2,093,400=1.24%
JP MORGAN CHASE & COMPANY=1,825,022=1.08%
Top Mutual Fund Holders
Powershares Exhg Traded Fd Tr-POWERSHARES WILDERHILL CLEAN E=1,539,020=0.91%
FIDELITY DISCIPLINED EQUITY FUND (USA)=1,300,000=0.77%
FIDELITY EMERGING ASIA FUND=1,214,890=0.72%
Claymore ETF Tr 2-Guggenheim Solar ETF=1,052,009=0.62%
Wells Fargo Advantage Small Cap Growth Fd=1,049,400=0.62%
FIDELITY NEW MILLENNIUM FUND=625,000=0.37%
RiverSource Equity Ser-Columbia Mid Cap Growth Opportunitiy=616,928=0.37%
OPPENHEIMER MAIN STREET SMALL & MID CAP FUND=530,890=0.31%
MORGAN STANLEY INST FD INC-EMERGING MARKETS PORT=528,200=0.31%
Claymore ETF Tr-Guggenheim BRIC ETF=353,880=0.21%
Balance Sheet:
Total Assets =$1,077,340
Total Liabilities =$386,643
Total Stockholder Equity =$690,697
Net Tangible Assets =$688,946
Weighted average number of outstanding shares:161,643,312
Business Risks:
1) Competition.
2) Change in government policies such as reduction of subsidies.
3) Customers unwilling to finance the cost of such product.
4) Overdependency on a small niche of customers.
5) Ever changing technology.
6) Exchange rate.
7) Failure to protect intellectual property rights.
8) Counterparty risks through procurement of supplier.
9) Key personnel.
In the event the above risks are not well managed,the company's revenue will be drastically affected.
JA Solar (Nasdaq: JASO) is set to post a record quarter when it reports its Q4 2010 earnings next week. In fact, it should mark a record year across numerous metrics such as shipments, revenues, and most importantly, net income.
Friday's candlestick has fully covered last November's candle body.What is remaining to short-cover is the upper shadow up till $9.77 and might easily move into a breakout.
It's a strong buy signal.Any pullback will be technically minimal.

Friday 18/2/11(Index/Options Futures Expiry Day)
9:30am:--A mild bearish gap down followed by a bullish engulfing. The International Monetary Fund said the United States' policy of quantitative easing could cause a destabilising flood of capital, though it conceded this had not happened so far.

10:30am:--Session high,bullish spin. Group of 20 meeting will be on investors' radar screens this weekend.

11:30am:--Morning high followed by bearish spike down.For the past two days,the Dow volume was extremely low and the market can be easily cornered.

12:30noon:--No sign of pullback,another high point.

1:30pm:--From the morning high,the noon session opens with a low.Bearish engulfing.

2:30pm:--A pullback to session bull pivot support.A dragonfly doji checkmate.

3:30pm:--Holding at the high for a third time.

4:00pm:--Inverted bull ending with a runaway bull.There is a gap up here so the gap will be covered back as this is a bull trap.

A three straight sets of gains for the week bringing the Dow to another fresh multi-year highs.

With a very light trading volume for the past few days,the market is being manipulated by certain authority.This is a so call confidence building.
The market’s advance on Friday came even as China’s central bank said it will raise banks’ reserve-requirement ratio by half a percentage point, the second increase this year to withdraw excess liquidity from the economy and curb inflation. The move weighed on the materials sector, which gets much of its demand from China, but the rest of the market shrugged it off.